SoSoValue, an AI-driven investment research platform, has secured $15 million in a Series A funding round led by HSG and SmallSpark. This funding round takes the startup's valuation to $200 million, building on its earlier $4.15 million seed round.
The funds will be used to develop the SoSoValue Indices (SSI) Protocol, a spot crypto index solution. This initiative aims to simplify crypto investments through on-chain smart contracts, which bundle multi-chain portfolios into wrapped tokens, creating a smooth index investment experience.
Co-founder Jivvva Kwan emphasized the benefits of index investing, stating that SSI offers a market-tracking, stress-free option for ordinary investors. The platform will also introduce an open-source tool for professional investors to create indices, promoting asset equality.
The launch of four SSI tokens as part of a beta test on the Base chain showed strong interest, with over 10,000 unique wallet addresses holding these tokens within two weeks. The tokens rebalance automatically each month, and custodians ensure transparency and security.
SoSoValue has rapidly grown since its inception in 2023, establishing itself as a key player in digital asset research. The new funding will support team expansion and new product rollouts, enhancing its dashboard that aggregates Bitcoin ETF data and integrates spot indexes.
Co-founder Jessie Lo acknowledged the challenge of accessing reliable market data, emphasizing SoSoValue's role in simplifying crypto investments. With ongoing development, SoSoValue is poised to be influential in the crypto investment landscape.
