Finnish crypto startup Housecat has raised a €3-million funding in a pre-seed round to build a platform that allows users to mirror the trades and DeFi actions of other participants by simply linking their wallet address with that of a more experienced asset manager.
The round saw the participation of BlueYard Capital, Inflection, Notation Capital and 3KVC as well as a number of angel investors and early backers of Ethereum Foundation and Polkadot.
The economic benefit from the $2-trillion ecosystem of crypto economy is not evenly distributed. Founded in 2021, the company is aiming to change the scenario. It plans to tap into the potential with a new crypto asset management platform.
The platform, built for people from all walks of life, widens access to the best investment opportunities in crypto to those without expert knowledge by mirroring successful asset managers with their money.
Talking about channelling the crypto economy, Ville Vesterinen, CEO and co-founder of Housecat said: “The majority of existing asset management products don’t work for the millions of users who will eventually take crypto into the mainstream. Our mission is to democratise the best crypto investment strategies for everyone, while at the same time empowering anyone to become an asset manager.”
Vesterinen is a serial entrepreneur and acts as the chairperson of the board for Swappie, the Finnish company which raised $124 million funding this week.
The platform will start onboarding its first investors in March 2022. The protocol is now in beta use.
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