Crypto data encryption platform SoSoValue has closed a series A funding round, bringing its valuation to $200 million. According to the official announcement from January 8th, in a Series A funding round, SoSoValue, the top AI-powered investment research platform, revealed that it has raised $15 million.
This follows a month-long surge in growth, reaching eight million registered users pf the platform.
SoSoValue’s Rise in Customers Comes As Crypto Market Sees Surge in Past 2 months
The rise in the customer base for SoSoValue occurs as the value of cryptocurrency assets continues to rise to all-time highs, and just a few weeks ago, the entire market capitalization of all tokens reached about $4 trillion due to widespread interest in the asset class.
The crypto data firm is now valued at over $200 million after the Series A round, which was co-led by current shareholders HSG and SmallSpark and included participation from Mirana Ventures and SafePal. The initiative has now raised close to $20 million since its $4.15 million seed round in mid-2024.
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What Will The Funding Be Used For?
The primary purpose of the series A funding round, which ended at the end of December, is to serve as a reserve fund for the SoSoValue Indices (SSI) Protocol, a spot crypto index protocol created to facilitate effective cryptocurrency market investing.
In late December 2024, SoSoValue introduced four SSI tokens—MAG7.ssi, MEME.ssi, DEFI.ssi, and USSI (Delta-neutral funding-rate earning)—as beta tests on the Base chain.
In just two weeks, it was discovered that over 10,000 distinct wallet addresses were in possession of SSI tokens.
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“As Charlie Munger famously said, ‘In the long run, none of us can beat the market.’ For ordinary investors, the best approach is index investing. We believe the best solution for everyday investors is a spot-based index that automatically rebalances—as a stress-free, market-tracking investment option.” said Jivvva Kwan, co-founder at SoSoValue.
They add, ” To further democratize investing, we plan to launch an open-source index creation tool, empowering professional investors to turn their unique market insights into actionable index strategies. This will enable anyone to issue their own indices, embodying SoSoValue’s commitment to information and asset equality.”
Additionally, the platform intends that the funds will also be utilized to grow teams in the areas of business development, engineering, and marketing as well as to introduce more products that are anticipated to be introduced in the upcoming financial quarters.
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