Index Industries Completes $50 Million Seed Round Financing Led by Lightspeed

Index Industries has completed a $50 million seed round financing, led by Lightspeed Venture Partners, with participation from Polychain Capital, Galaxy Ventures, Wintermute Ventures, and others. The company was co-founded by Josh Rosenthal, former president of Polychain Capital, and Brian Hardecker, founder of Longmark, who serve as CEO and chairman, respectively. Index Industries will launch the US Housing Price Index (USHP Index), which will aggregate data from major housing indices to measure home prices across the United States. The first investment product linked to this index, USHP, is planned to be issued by USHP Limited, registered in the British Virgin Islands, with a launch on Ethereum in 2026 and an expansion to Solana in 2027.

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