Octav Raises $2.65 Million Seed to Label DeFi Ecosystem
Octav, a DeFi labeling and tax reconciliation platform, has secured $2.65 million in seed funding to develop a solution that labels and organizes transactions within the DeFi ecosystem. The goal is to create a centralized dashboard where users can easily access and understand their DeFi data.
The lack of a systematic approach to deciphering DeFi transactions has been a challenge for the community, according to Mathieu Baril, the Co-Founder and CEO of Octav. Existing tools like Etherscan and Dune Analytics provide raw data that may be difficult for non-technical users to navigate.
Octav’s platform aims to provide a comprehensive database of all DeFi transactions, offering a user-friendly experience and simplifying the process of managing and analyzing DeFi activities.
Experienced Team and Esteemed Investors
Octav is led by Mathieu Baril and Luc Blackburn, who bring with them a wealth of experience from companies like Zapper, Accedian Network, and Otodata. The startup has also attracted prominent investors, including Nascent, Polymorphic Capital, Spaceship DAO, and Speedinvest.
Hot Take: Octav’s Vision for DeFi Data Management
Octav’s seed funding will enable the development of a platform that addresses the need for organized and accessible DeFi data. By providing a user-friendly interface and a comprehensive database, Octav aims to simplify the management and analysis of DeFi transactions. This funding round and support from esteemed investors demonstrate the industry’s recognition of the importance of improved data labeling in the DeFi ecosystem. With Octav’s solution, users can expect a seamless experience in navigating and understanding their DeFi activities, bringing us one step closer to a more transparent and user-friendly DeFi landscape.
By
By
By
By
By