SoSoValue, the leading AI-driven investment research platform, announced today that it has raised $15 million in a Series A. This comes on the back of strong growth over the last month, surpassing eight million registered users.
This comes as crypto assets continue hitting higher all-time prices and overall interest in the asset class recently drove total market capitalization across all tokens to nearly $4 trillion just weeks ago. The Series A round, co-led by existing shareholders HSG and SmallSpark, with participation from Mirana Ventures and SafePal, brings the crypto startup’s valuation to approximately $200 million. Following its $4.15 million seed round in mid-2024, the total investment in the project now approaches $20 million.
This latest funding round was closed at the end of December and is primarily earmarked as a reserve fund for the SoSoValue Indices (SSI) Protocol, an innovative spot crypto index protocol designed to help efficient investment in the crypto market. SoSoValue launched four SSI tokens on the Base chain as a beta test in late December 2024, namely; MAG7.ssi, MEME.ssi, DEFI.ssi, and USSI (Delta-neutral funding-rate earning). Within two weeks, more than 10,000 unique wallet addresses have been shown to be holding SSI tokens.
The SoSoValue Index Protocol is a cutting-edge spot index solution designed to make crypto investments simple and secure. It leverages on-chain smart contracts to repackage multi-chain, multi-asset portfolios into wrapped tokens that represent a basket of assets. These tokens track the price action of the underlying, effectively achieving the effects of passive index investing. The underlying spot assets are safeguarded by licensed custodian partners for security and full transparency. The SSI tokens automatically rebalance monthly. Token holders are subject to a 0.01% tech service fee per 24 hours.
“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 f
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Author: AMBCrypto Team
