DGAP-News: Treehouse Raises US$18 Million to Establish a Standard for DeFi Analytics

2022. március 16., szerda, 06:55







DGAP-News: Treehouse Finance


/ Key word(s): Miscellaneous






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








16.03.2022 / 06:55




The issuer is solely responsible for the content of this announcement.




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



SINGAPORE - Media OutReach - 16 March 2022 - Treehouse, a Web3 company transforming on-chain data into meaningful metrics to help decentralized finance (DeFi) investors make informed financial decisions, announced an US$18 million seed round raise.
fncls.ssp?fn=download2_file&code_str=cd6349c5c6371743755963034c42341d



 


An undisclosed large FinTech investor led the round 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.



"As the number of DeFi protocols, supported L1s, L2s, and bridges increase over time, Treehouse"s approach of building an in-house system-of-record for every DeFi user will become critically valuable and a great differentiator. On top of the technical accuracy is a beautiful, simplified dashboard experience optimized for desktop and mobile to cater to both advanced and retail investors," said Hemant Mohapatra and Marsha Sugana from Lightspeed Venture Partners.



Dominic Chrumka from Wintermute said, "Wintermute is proud to be supporting Treehouse in their mission to make the management of DeFi portfolios easy and meaningful. Their cross-chain dashboards and comprehensive analytics, especially the ability to track P&L attributed to pools in which you are providing liquidity, are game-changing for the industry."
fncls.ssp?fn=download2_file&code_str=b1b59b24996062e891cbf459cead2cb0



 


Harvest and Beyond



Since its founding in mid-2021, Treehouse has grown exponentially to over 100 people and launched Harvest Beta. The new funds raised will go toward accelerating Treehouse"s growth by:



- Expanding Harvest"s blockchain and protocol coverage



- Building more products and features for retail and institutional users



- Scaling its infrastructure for users to experience a highly seamless and low latency platform



- Building a well-informed and innovative community through curated content (in-house research) and incentive programs



- Hiring world-class talent across their global offices



"We are grateful to have with us a group of partners with such deep technical expertise and networks across both cryptocurrency and traditional finance ecosystems. This funding round will enable us to execute on our vision to help users confidently navigate DeFi," said Brandon Goh, CEO of Treehouse.



Melvin Hade, Partner at Global Founders Capital APAC, said, "With the rising number of investors hopping onto the DeFi bandwagon, this is the perfect time for Treehouse to bring out its state-of-the-art analytics platform to the public. When we first spoke to them, we were excited about the insights they had that led them to build a unique product that the world had never seen before. As one of the earliest backers of Treehouse, we are fully committed to their progress and excited about the long-term partnership."



To see an analytical breakdown of your current and historical BNB Chain positions on Harvest, visit www.treehouse.finance.



Brand Kit



Refer to the Treehouse Brand Kit for the company"s cover images, logo variants, and product screenshots.



Contact Details



Please get in touch with press@treehouse.finance for any questions or clarifications.



Social Media Channels



Twitter: @TreehouseFi

Discord: https://discord.gg/ufxhSgxBNF

Telegram Community: @treehousefi

Telegram Insights: @treehouseinsights

Reddit: r/Treehousefinance

LinkedIn: Treehouse

Medium: @TreehouseFinance
















16.03.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de












Language: English
Company: Treehouse Finance



SINGAPORE

Singapore
EQS News ID: 1303527





 
End of News DGAP News Service





1303527  16.03.2022 



fncls.ssp?fn=show_t_gif&application_id=1303527&application_name=news&site_id=geo_holding_tug
Tilos a hír bármilyen adatbázisba történő mentése vagy annak továbbítása harmadik fél számára;kereskedelmi viszonylatban vagy kereskedelmi céllal csak a Deutsche Gesellschaft für Ad-hoc-Publizität mbh írásos engedélyével történhet.