Treehouse Has Raised US$18 Million To Build The DeFi Analytics Platform
Treehouse 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.
Year 2020, Treehouse were 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. Treehouse is proud to introduce 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. Its 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 fresh capital raised, will be used for:
- 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. It is 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.
ABOUT Treehouse
Treehouse is an ecosystem focused on enabling DeFi investors to make better financial decisions. It suite of products helps users confidently navigate DeFi by providing data-driven insights, DeFi analytics, and risk management solutions.
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