TL;DR
SoSoValue has raised $15 million in a Series A round, reaching a valuation of $200 million, surpassing $20 million in total funds raised.
The funds will be used to launch the “Investible Spot Index Protocol” (SSI), a tool that allows users to invest in a diversified basket of assets.
SoSoValue, with over eight million registered users, uses artificial intelligence to analyze cryptocurrency data and plans to launch an index creation tool.
SoSoValue, an AI-driven cryptocurrency research platform, has successfully raised $15 million in a Series A funding round, reaching a $200 million valuation.
This round was led by investors HSG and SmallSpark, with participation from Mirana Ventures and SafePal. With this new funding, the company has surpassed $20 million in total funds raised, following a $4.15 million seed round in 2024.
SoSoValue will use these funds to launch its “Investible Spot Index Protocol” (SSI), an innovative tool designed to simplify cryptocurrency investments. The SSI allows users to invest in a diversified basket of assets through tokens that represent multiple assets from different chains. This solution uses smart contracts to restructure multi-channel portfolios into tokens that follow a passive investment approach. Additionally, SSI tokens are rebalanced monthly, making it easier to track the market automatically.
SoSoValue Strengthens its Market Position
In late December 2024, SoSoValue launched four SSI tokens as a test on the Base chain: MAG7.ssi, MEME.ssi, DEFI.ssi, and USSI. In just two weeks, more than 10,000 unique wallet addresses have shown interest in these tokens. Their rapid adoption is due to the growing interest from investors in tools that facilitate access to the crypto market.
The platform has achieved significant success in recent months, surpassing eight million registered users. SoSoValue uses artificial intelligence algorithms to analyze large volumes of data from various sources, presenting the results in an intuitive dashboard. This enables users to obtain valuable information about cryptocurrency markets, including DEXs, individual cryptocurrencies, and Web3 funds. The company also plans to launch an open-source index creation tool, which will allow professional investors to create their own customized indexes based on their market insights.