# Treasury: portfolio, investments and team

> Treasury is a vc firm based in United States. 1 investment on record, 1 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/treasury (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Treasury

Last cheque observed Sep 2026; 1 cheques on record.

Email

VC firm Deploying now New fund $20M, Sept 2025

Seed Series A Series B Fintech Financial Technology Financial Services

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Deploying now

**100%** of best year **1** **cheques in 12 months**, 1 on record

Since the last cheque **58** days **00** hrs **00** min **00** sec

Median round **$20M** Cheque size, as they say **$1.5M – $6.0M** Rounds led **0 of 1**

Pitch Treasury

## Treasury highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Series A: 100% of its rounds

## What they do

> Treasury backs the most ambitious fintech builders at an early stage. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $1.5M – $6.0M as they say
- **Stages:** Seed Series A Series B Pre-IPO
- **Sectors:** Fintech Financial Technology Financial Services
- **Based in:** PRINCE, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **1 appearances**

- **2026** 1 round
- **Sept** **[Blee](https://millionrounds.com/company/blee)** Series A · US · TechStartups **$20M** With 7 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **11 named**

EB **Eli Broverman** Executive Officer i Filing they signed

FJ **Francis J. Smith** Director i Filing they signed

FP **Frederick Paul Mcmullen** Director i Filing they signed

JL **James Layfield** Executive Officer i Filing they signed

JC **Jeff Cruttenden** Executive Officer i Filing they signed

JC **Jeffrey Cartright** Manager of General Partner i Filing they signed

JJ **Jeffrey James Cruttenden** Manager i Form ADV

JH **John H. Gernon** Director i Filing they signed

JC **Jonathan Christodoro** Executive Officer i Filing they signed

JW **Jonathan Wong** Manager of General Partner i Filing they signed

MP **M. Paul Martin** Director i Filing they signed

We also hold **10** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$89M** gross assets of its funds Oct 2026

**5+** funds on file numbered funds in its name

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Treasury Fund Management LLC
- **SEC number:** CRD 322087

## What they claim to have backed

From their own portfolio page (on their website)

**10** of 15 we have independently watched raise

[Andela](https://millionrounds.com/company/andela)[Bolttech](https://millionrounds.com/company/bolttech)[Embed](https://millionrounds.com/company/embed)[Groundswell](https://millionrounds.com/company/groundswell)[Kept](https://millionrounds.com/company/kept)[Newrange](https://millionrounds.com/company/new-range)[Renegadeinsurance](https://millionrounds.com/company/renegade-insurance)[Rosaly](https://millionrounds.com/company/rosaly)[Rulezero](https://millionrounds.com/company/rulezero)[Tumelo](https://millionrounds.com/company/tumelo) Brankas Getapril Getcopper Getwarmer Withrotate

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

New fund on file

**$20M**

raised in Sept 2025

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Series B

Median round joined **$20M** the round, not its cheque

Led 0 of 1 rounds **0%**

- **Said size:** $1.5M – $6.0M
- **Sole investor:** Never alone
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Series A said *1*
- Seed said *-*
- Series B said *-*
- Pre-IPO said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

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## Recently backed

The latest companies Treasury put money into.

[**Blee** $20M · Sept 2026](https://millionrounds.com/company/blee)

## Quick answers about Treasury

### What does Treasury invest in?

Treasury invests most often at Series A (100% of the rounds on record), in sectors such as Fintech, Financial Technology and Financial Services.

### How active is Treasury?

1 investments on record, 1 of them in the last 12 months. The most recent was in Sept 2026.

### What has Treasury invested in recently?

Its most recent investments on record: Blee (Series A, Sept 2026).

### How big are Treasury's cheques?

The median round it joins is $20M. It says it writes cheques of $1.5M to $6.0M.

### Is Treasury investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### What kind of investor is Treasury?

Treasury is a VC firm based in PRINCE, United States.

### How much does Treasury manage?

About $89M, as gross assets of its private funds (Oct 2026).

### Has Treasury raised a new fund?

Its latest fund filing with the SEC was in Sept 2025, reporting $20M raised.

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=treasury) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=treasury)
