Octav

Octav operates as a financial data platform within the Web3 space, designed to translate raw, fragmented on-chain data into comprehensible financial analytics. Founded in 2021 and officially launched in 2022 by Mathieu Baril and Luc Blackburn, the Montreal-based company was born from the founders' recognition of a critical gap in the DeFi market for accurate data regarding cost basis, profits, and losses, which made financial reconciliation and tax reporting burdensome. The name "Octav" is inspired by Octavian, the first Roman Emperor, who reformed the Roman taxation system, reflecting the company's mission to simplify financial reporting in decentralized finance.

The firm targets a diverse client base that includes DAOs, crypto-native CFOs, treasury managers, asset management firms, family offices, tax professionals, and high-net-worth individuals. Octav's business model is subscription-based, offering multiple tiers including a free plan for basic tracking, a Pro plan for DAO teams and smaller protocols, and an Enterprise plan for larger organizations. The company generates revenue through these subscriptions and by providing its API to platforms, hedge funds, and protocols. Octav secured a $2.65 million seed funding round on September 12, 2023, led by investors like Nascent, Polymorphic Capital, Possible Ventures, and Speedinvest, followed by a $4 million strategic investment in February 2024.

The platform offers a unified dashboard that provides a consolidated view of crypto assets by supporting over 40 blockchains, including Ethereum, Solana, and various Layer 2 networks, and integrating with more than 9,000 DeFi protocols. A key feature is its AI-powered transaction labeling, which automatically categorizes on-chain activities to streamline reconciliation. Users can generate detailed reports, including portfolio snapshots and transaction histories, in PDF and CSV formats for compliance and auditing purposes. The platform also provides a RESTful API for developers to integrate Octav's real-time data into their own applications, enhancing analytics and operational capabilities. For individuals and organizations, Octav tracks key metrics such as wallet positions, protocol deposits, P&L, and cost basis, addressing the complexity that has historically slowed broader adoption of blockchain technology.

Keywords: Web3 financial data, DeFi analytics, crypto portfolio tracking, on-chain data, transaction labeling, crypto tax reporting, treasury management, blockchain data analytics, Mathieu Baril, Luc Blackburn, crypto asset management, DeFi reporting, digital asset analytics, crypto accounting, multi-chain portfolio, crypto financial reporting, Nascent, Speedinvest, Web3 CFO tools, DAO financial tools