PANews reported on January 8 that according to Fortune, AI-driven crypto data platform SoSoValue announced the completion of a $15 million Series A financing round, with a valuation of $200 million. This round of financing was led by Hongshan (Sequoia China), SmallSpark, Mirana Ventures and Safepal. SoSoValue said that this round of financing was completed at the end of December, and the funds were mainly used for the reserve fund of SoSoValue Indices (SSI). SSI is an innovative spot crypto index protocol that aims to promote efficient investment in the crypto market and make SoSoValue the first institution to introduce spot indexes to the market in the form of tokens.
SoSoValue is committed to providing retail investors with real-time market data and ETF fund flow tracking. Its SoSoValue Indices Protocol packages digital assets into cross-chain cryptocurrencies through smart contracts. SoSoValue has launched four indexes at the end of December, namely: MAG7.ssi, MEME.ssi (tracking the top ten meme coins), DEFI.ssi and USSI (hedge type).
SoSoValue completed a seed round of financing of US$4.15 million in mid-2024 . With this round of financing, the total financing amount of the project is close to US$20 million. The number of registered users of the SoSoValue platform has exceeded 8 million.
