Binance, Lightspeed back $18m round of DeFi startup

Treehouse, a decentralized finance (DeFi) company, has raised US$18 million in a seed round led by an undisclosed fintech investor. Investors including Lightspeed Venture Partners, Binance, and MassMutual Ventures also took part.

Photo credit: Treehouse

Treehouse was founded by Brandon Goh, Bryan Goh, and Kang Yiao Loh in 2021. Harvest, the company’s flagship product, indexes blockchains and provides historical data, profit and loss, and risk metrics on its user interface.

Harvest helps users understand their DeFi positions and risks so that they can make better financial decisions.

“Their cross-chain dashboards and comprehensive analytics, especially the ability to track profit and loss attributed to pools in which you are providing liquidity, are game changing for the industry,” Dominic Chrumka, a quantitative developer at Wintermute, said about Treehouse.

The fresh funds will go to improving Harvest, boosting its community building, in-house research, and global talent acquisition.

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Other investors in this round include:

• Mirana Ventures
• Global Founders Capital
• Jump Capital
• GSR
• Wintermute