Teahouse Finance, a Taipei, Taiwan-based decentralized asset management and strategy platform provider, raised $5M in funding.
The round was led by AppWorks, with participation from Pantera Capital, NGC Ventures, and Perpetual Protocol.
The company intends to use the funds to develop new products and strategies as well as improving the security of the asset management platform.
Led by CEO Fenix Hsu, Teahouse is a decentralized asset manager, DeFi platform and tools developer, with a focus on solving “concentrated liquidity provision” by optimizing LP ranges for maximum capital efficiency. Thus far, the company has launched a total of seven DeFi strategy vaults protected by transaction filters to help individuals and organizations to securely invest on Web3. With a modular design, Teahouse strategy vaults are built on top of “atomic” vaults and can optionally utilize dedicated smart contracts, NFT access gates, and be operated by Safe’s multi-sig wallets.
Teahouse Finance is a graduate of Binance Labs and a first place winner of the TRON Global Accelerator competition.
FinSMEs
24/04/2023