Treehouse, decentralized finance (DeFi) firm, announced it has raised $18 million in seed funding to help users confidently navigate DeFi.
Treehouse is a Web3 firm that transforms on-chain data into meaningful metrics to help DeFi investors make reliable financial decisions.
As per the announcement made by Treehouse, the round was led by an “undisclosed large fintech investor” along with several major investors like Lightspeed, Binance, Wintermute and Jump Capital.
Other strategic investors include MassMutual Ventures, K3 Ventures, Global Founders Capital, Moonvault Capital, Mirana Ventures, Pintu, GSR, LeadBlock Partners, Coinhako, Bitpanda, The Brooker Group, Venturra, AlphaLab Capital, Pulsar Trading, Fundamental Labs, Berioza Associates, CRC Capital, Portofino, Do Kwon of Terraform Labs, senior executives from SoftBank Vision Fund, and more.
Treehouse’s ranging products will shape the way users interact with the DeFi economy.
The company’s flagship product, Harvest indexes blockchains and deconstructs users’ DeFi positions to present profit & loss (P&L), historical data and risk metrics on a seamless user interface. The analytics platform creates a standard for users to analyze the DeFi risks related to their portfolio.
The funds would be allocated to:
- Expand Harvest’s blockchain and protocol coverage.
- Build more products and features for retail and institutional users.
- Scale its infrastructure for users to experience a highly seamless and low latency platform.
- Build a well-informed and innovative community through selected content (in-house research) and incentive programs.
- Hire top-notch talent across their global offices.
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