Octav, a DeFi labeling and tax reconciliation platform, raised a $2.65 million seed to help label the DeFi ecosystem and be the “Quickbooks of crypto”.

“There hasn’t been a systematic way where the DeFi community can decipher all their transactions from block explorers and get their data in one convenient dashboard,” said Mathieu Baril, Co-Founder & CEO of Octav. “So it became clear to us that data labelling is missing in DeFi”.

Octav is led by Mathieu Baril & Luc Blackburn, both of whom have previously worked at companies like Zapper, Accedian Network and Otodata before starting Octav. Octav boasts a variety of esteemed Investors including Nascent, Polymorphic Capital, Parallel Studio, Spaceship DAO, Investmeows, Possible Ventures, Speedinvest, ACET capital, Paul Desmarais, CEO of Sagard holdings, and Mark Zeller from AAVE.