As is increasingly common among insider-led fundraises in recent years, the startup in question was not in dire need of new funding before the new investment came together. In fact, Treasury Prime CEO Chris Dean told TechCrunch in an interview that his firm is “super capital efficient,” adding that it had not tucked into its Series A capital until January of this year.

https://techcrunch.com/2021/05/12/treasury-prime-series-b/