Funding

Treehouse Raises US$18 Million to Establish a Standard for DeFi Analytics

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

An undisclosed large FinTech investor led the round for Treehouse, with participation from strategic investors, including Mirana Ventures, Lightspeed Venture Partners, Binance, MassMutual Ventures, Global Founders Capital, Jump Capital, GSR, Wintermute, Do Kwon of Terraform Labs, senior executives from SoftBank Vision Fund, and more. 

Founded just 11 months ago and fueled by the team’s commitment toward financial inclusion, Treehouse is building the infrastructure required to enable everyday people to fully harness financial products and services made possible by DeFi. Treehouse’s ecosystem of products will empower and shape the way participants interact with the DeFi economy. 

David Toh from Mirana Ventures, Venture Partner of Bybit and BitDAO, said: “As an early supporter and investor of Treehouse, we are excited by the growth of the company and what the team has achieved in a short time. We believe in backing builders who have the grit to challenge the status quo and launch differentiated and innovative products in DeFi.” 

The Most Comprehensive DeFi Analytics Platform

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 seamless and highly intuitive user interface. The analytics platform provides information previously unavailable in DeFi and establishes a standard for users to analyze the DeFi risks associated with their current and historical positions. 

Source
TechEconomy

Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email: nichole@getfundedafrica.com

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