Treehouse’s mission is to arm retail investors with the tools necessary to make informed decisions about their DeFi assets.
Treehouse, a decentralised finance (DeFi) analytics business, has raised $18 million in seed funding to further its mission of financial inclusion.
Treehouse reported on Wednesday that the round was headed by a “undisclosed large fintech investor” with participation from several additional investors, including Binance, Lightspeed, Wintermute, and Jump Capital.
Mirana Ventures, MassMutual Ventures, Binance, Global Founders Capital, Moonvault Capital, GSR, K3 Ventures, LeadBlock Partners, Coinhako, Bitpanda, and Pintu all participated in the financing.
Treehouse’s mission is to give investors with the infrastructure necessary to make informed decisions about their DeFi assets. DeFi refers to lending, trading, and other financial operations conducted on a blockchain without the use of traditional intermediaries.
Harvest, the company’s main product, deconstructs user data and gives users with risk indicators, profit and loss, and other historical data with the goal of establishing a standard for DeFi data analysis.
Harvest will use the funding to broaden its blockchain and protocol coverage and develop additional products for retail and institutional users.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.