Treehouse Raises $18M Seed Round
Treehouse is building the infrastructure required to empower DeFi users and the next wave of investors to confidently navigate the space has raised US$18 million to build the DeFi analytics platform of the future.
The seed round was led by an undisclosed large FinTech investor with participation from Tier 1 VC funds, institutions, and angel investors including Mirana Ventures, Lightspeed Venture Partners, MassMutual Ventures, Binance, Global Founders Capital, Jump Capital, Moonvault Capital, Wintermute, GSR, K3 Ventures, LeadBlock Partners, Coinhako, Bitpanda, Pintu, The Brooker Group, AlphaLab Capital, Portofino, Pulsar Trading, Fundamental Labs, CRC Capital, Berioza Associates, Venturra, Do Kwon of Terraform Labs, senior executives from SoftBank Vision Fund, and more.
TreeHouse Inception
In late 2020, TreeHouse was introduced to the world of DeFi and deployed capital into the first protocols. While existing tools could track current positions, no DeFi platform could provide in-depth analytics, historical metrics, and comprehensive risk breakdowns comparable to the platforms found in traditional asset classes. As professionals in traditional finance and technology firms, we set out to build a platform to fill these gaps.
Over the past 11 months, Treehouse has worked hard to build a DeFi tool that will change the way retail and institutional investors navigate the space. They are proud to introduce this work through their flagship product, Harvest, the most comprehensive analytics platform available in DeFi.
Harvest indexes blockchains and deconstructs DeFi positions to present historical data, P&L, and risk metrics on a seamless and highly intuitive user interface.
Its analytics platform provides information previously unavailable in DeFi and establishes a standard for users to analyze risks associated with their current and historical positions. Harvest will be released in several phases and offer coverage for hundreds of protocols starting with 5 major chains — BNB Chain (BNB), Ethereum (ETH), Avalanche (AVAX), Fantom (FTM), and Terra (LUNA).
Beyond that, Treehouse is working to democratize access to information by providing its users with high-quality research and well-curated insights. Their platform will also function as an information hub for DeFi users, built by a network of analysts providing world-class fundamental and technical commentaries on both cryptocurrency and traditional asset classes.
The Future
Treehouse has grown into a diverse and well-rounded team of over 100 employees spread across offices in Singapore, Ho Chi Minh, San Francisco, and Hong Kong.
With the fresh capital raised, they will:
- Expand Harvest’s blockchain and protocol coverage
- Build new products and features for retail and institutional users
- Scale its infrastructure to improve user experience
- Provide high-quality research and well-curated insights
- Hire world-class talent across its offices
At its core, Treehouse is fueled by the driving principle of financial inclusion. They envision a world where the everyday person has access to financial products, services, and information that will enable them to harness the power of DeFi.
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