AUSTIN, TX, Tesoro XP, a new rewards platform that enables retailers to fund in-game currency for gamers, announced it has raised $5.4 million in seed funding.
The round was co-led by Treasury, a New York-based fintech fund, and TK MediaTech Ventures, a new venture firm focused on the next generation of media technologies. Jeff Cruttenden, Founding Partner at Treasury and co-founder of Acorns, has joined Tesoro's Board of Directors, and TK's Jim Ward is observing.
Tesoro XP is the first rewards engine that allows retailers to fund in-game currency for free-to-play gamers. Through Tesoro, game publishers can integrate real-world offers directly into their experiences, creating new revenue channels, deeper player engagement, and performance-driven marketing opportunities.
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