SoSoValue, the leading AI-based investment research platform, today announced that it has raised $15 million in a Series A funding round. This comes after strong growth in the past month, surpassing eight million registered users.
This comes as Cryptoassets continue to reach new record highs and the general interest in this asset class has recently pushed the total market capitalization of all Tokens to nearly $4 trillion just a few weeks ago.
The Series A round, co-led by existing investor HSG and SmallSpark, with participation from Mirana Ventures and SafePal, has valued the Cryptoasset startup at around $200 million. Following a $4.15 million Seed round in mid-2024, the total investment in the project is now close to $20 million.
The latest funding round was completed at the end of December and is primarily earmarked for the SoSoValue Index Protocol (SSI), a novel Cryptoasset index protocol designed to enable efficient investment in the Cryptoasset market.
SoSoValue has launched four SSI on-chain Base Tokens as a pilot at the end of December 2024, including MAG7.ssi, MEME.ssi, DEFI.ssi and USSI (Yield). Within two weeks, over 10,000 unique wallet addresses were recorded holding SSI Tokens.
The SoSoValue Index Protocol is an advanced spot index solution to make investing in Cryptoassets simple and secure. It leverages on-chain Smart Contracts to package multi-asset, multi-chain portfolios into wrapped Tokens representing a basket of assets.
These Tokens track the price action of the underlying assets, achieving the performance of a passive index investment approach. The underlying spot assets are safeguarded by licensed custodial partners to ensure full security and transparency. The SSI Tokens are rebalanced monthly. Token holders are charged a 0.01% technical service fee every 24 hours.
"As Charlie Munger said, 'In the long run, none of us can beat the market.' For the average investor, the best approach is index investing. We believe the best solution for the everyday investor is an automated, self-balancing spot index - a market-tracking investment option without the stress," said Jivvva Kwan, Co-founder of SoSoValue. "To further democratize investing, we plan to launch an open-source index creation tool, allowing professional investors to turn their unique market insights into viable index strategies. This enables anyone to issue their own index, realizing SoSoValue's commitment to information and asset fairness."
With the launch of SSI, SoSoValue is realizing a vision to make Cryptoasset investment tools and resources accessible and equitable for all. The SSI Protocol on SoSoValue's comprehensive data platform is a natural evolution of the mission to attract and sustain long-term, healthy participation in the Cryptoasset market. The organic growth to over eight million users in a year demonstrates the appetite for such products.
SoSoValue helps retail investors sift through vast data volumes to find meaningful insights; and achieves this by leveraging advanced AI algorithms to analyze data from multiple sources and present it in a visual dashboard. Every investor, regardless of background, has equal access to high-quality information and is provided tools to better understand it.
"Finding reliable, relevant data has been a challenge in this space, as it has been fragmented across many platforms and providers, and we are on a mission to simplify investing in this asset class for all market participants," explained Jessie Lo, Co-founder. "Our growth over the past year demonstrates a demand for information and actionable products, and we will continue to expand and bring more to our users throughout the rest of the year and beyond."
The funds will also be used to expand teams across marketing, engineering, and business development, along with the introduction of new products expected to launch in the coming quarters.
SoSoValue's development began in 2023 and after launching in 2024, it is rapidly growing to become the largest professional research platform for digital assets. It was the first to surface net inflows and outflows from the Bitcoin ETF on a unified dashboard and the first to bring spot indices in the form of Tokens.
To learn more, please visit the SoSoValue website or join the SoSoValue community on Twitter/X or Telegram.
About SoSoValue
SoSoValue is an AI-powered Cryptoasset research platform that provides investors worldwide with free access to professional-grade market data, ETF dashboards, 24/7 news, and community services. With over 8 million registered users globally, SoSoValue is the largest professional Cryptoasset research platform, available on both PC and mobile apps for both Android and iOS.
Investors include HSG, SmallSpark, Mirana Ventures, SafePal, GSR Markets, Alumni Ventures, CoinSummer Labs, OnePiece Labs and others; and the founding team has decades of experience in AI, traditional and digital asset markets. SoSoValue equips investors with equal access to investment tools and resources.
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