Treehouse secures $18m for DeFi Analytics

Treehouse, a Web3 company transforming on-chain data into metrics to help decentralised finance (DeFi) investors make informed financial decisions, has raised $18m in seed funding.

An undisclosed large FinTech investor led the round with participation from strategic investors, including Mirana Ventures, Lightspeed, MassMutual Ventures, Binance, Global Founders Capital, Jump Capital, Moonvault Capital, Wintermute, GSR, K3 Ventures, LeadBlock Partners, Coinhako, Bitpanda, Pintu, 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.

Founded only 11 months ago, Treehouse said it is aiming to build the infrastructure required to enable everyday people to fully harness financial products and services made possible by DeFi.

Harvest, the company’s flagship product, indexes blockchains and deconstructs users’ DeFi positions to present historical data, profit & loss (P&L), and risk metrics on a user interface. The analytics platform provides information previously unavailable in DeFi and establishes a standard for users to analyse the DeFi risks associated with their current and historical positions.

Treehouse said it will use the funding to expand Harvest’s blockchain and protocol coverage, build more products and features for both retail and institutional users, scale its infrastructure, and hire talent across its global offices.

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