A crypto copy-trading platform named Housecat has emerged from stealth mode to announce it has raised 3 million euros (A$4.7 million) in a pre-seed round ahead of its launch next month.

BlueYard Capital, Notation Capital and 3KVC as well as angel investors and early backers of the Ethereum Foundation and Polkadot participated in the funding round.

The Helsinki-based platform is being built by a remote European team and will allow users to mirror the trades and DeFi activities of experienced investment managers.

The best performing asset managers will be able to leverage their skills to gain a following, earning performance fees from users who mirror their wallet – without the burden of actually managing anyone else’s funds.

“The majority of existing asset management products don’t work for the millions of users who will eventually take crypto into the mainstream,” said Ville Vesterinen, Housecat chief executive and co-founder.

“Our mission is to democratize the best crypto investment strategies for everyone, while at the same time empowering anyone to become an asset manager.

“Anyone can be an investor regardless of how much or little they know about crypto.

“We have built Housecat for ourselves and for everyone like us who would like to tap into the incredible financial opportunity that is crypto – but who don’t have time or the technical expertise to follow all the different projects, tokens and investment opportunities.”

Currently in closed beta, Housecat will start onboarding users next month.