TechFlow news — On January 8, according to Fortune, AI-powered crypto investment research platform SoSoValue announced a $15 million funding round led by Hongshan, SmallSpark, Mirana Ventures, and Safepal, valuing the company at $200 million. Prior to this round, SoSoValue had completed a $4.15 million seed round in mid-2024, bringing the project’s total raised capital close to $20 million.
SoSoValue stated that the latest funding was finalized by the end of December, with proceeds primarily allocated to the reserve fund for SoSoValue Indices (SSI). SSI is an innovative spot crypto index protocol designed to enable efficient investing in the crypto market, making SoSoValue the first institution to tokenize spot indices for market distribution. At the end of December 2024, SoSoValue launched four SSI products: MAG7.ssi, MEME.ssi, DEFI.ssi, and USSI (hedged). By introducing the SSI protocol, SoSoValue demonstrates its commitment to democratizing access to crypto investment tools and high-quality digital assets. Integrating the SSI protocol into SoSoValue’s comprehensive data platform represents a natural evolution in attracting and retaining healthy, long-term market participation. Meanwhile, SoSoValue's platform has surpassed 8 million registered users.
Jivvva Kwan, co-founder of SoSoValue, said index investing is the best approach for retail investors. "We believe the optimal solution for everyday investors is a crypto spot-based index that automatically rebalances—providing a stress-free, market-tracking investment option. At the same time, to further advance investment inclusivity, we plan to launch an open-source index automation toolkit, empowering professional investors to transform their unique market insights into actionable index strategies, enabling anyone to issue their own indices." Additionally, the new funds will support expansion of marketing, engineering, and business development teams, as well as drive the launch of additional products over the coming quarters.
