Singapore, January 8, 2025 – SoSoValue, the leading AI-driven investment research platform for cryptocurrencies, announced today the completion of a $15 million Series A funding round, valuing the company at approximately $200 million. The round was co-led by existing shareholders HSG and SmallSpark, with participation from Mirana Ventures and SafePal. Combined with its $4.15 million seed round in mid-2024, total investment in the platform now approaches $20 million.
User Growth and Market Context
SoSoValue has experienced explosive growth, surpassing 8 million registered users — nearly tripling its user base in just one year. This surge comes as the total market capitalization of all crypto tokens briefly touched $4 trillion weeks ago, indicating strong retail demand for professional-grade data and simple investment vehicles.
The SSI Protocol: Tokenized Spot Indices
The primary use of the Series A funds will be as a reserve fund for the SoSoValue Indices (SSI) Protocol, a cutting-edge spot crypto index protocol designed to make crypto investments simple and secure. In late December 2024, SoSoValue launched four SSI tokens on the Base chain as a beta test: MAG7.ssi (tracking top blue-chip tokens), MEME.ssi (meme coins), DEFI.ssi (DeFi tokens), and USSI (delta-neutral funding rate earning token). Within two weeks, more than 10,000 unique wallet addresses have been recorded holding SSI tokens.
The SSI protocol leverages on-chain smart contracts to repackage multi-chain, multi-asset portfolios into wrapped tokens that represent a basket of assets. These tokens passively track the price action of the underlying assets, effectively achieving passive index investing. The underlying spot assets are safeguarded by licensed custodian partners to ensure security and full transparency. SSI tokens automatically rebalance monthly, with holders subject to a 0.01% technical service fee per 24 hours.
Team Vision: Democratizing Investment
“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,” said Jivvva Kwan, co-founder of SoSoValue. “We believe a spot-based index that automatically rebalances is the best stress-free market-tracking option. To further democratize investing, we plan to launch an open-source index creation tool, empowering professional investors to turn their insights into actionable index strategies. Anyone will be able to issue their own indices, embodying our commitment to information and asset equality.”
Co-founder Jessie Lo added: “Finding reliable, relevant data has historically been a challenge in crypto, fragmented across disparate platforms. Our mission is to simplify investing for all participants. Our growth this past year proves there is an appetite for actionable information and products. We will continue to expand and bring more to users throughout this year and beyond.”
Platform Features and Future Plans
SoSoValue helps retail investors sift through vast data using advanced AI algorithms that analyze multiple sources and present insights on an intuitive dashboard. The platform was the first to highlight net inflows and outflows from Bitcoin ETFs in a unified dashboard, and is also the first to bring spot indexes in token form. Funds will also be used to expand teams across marketing, engineering, and business development, and to bring additional products to market in the coming quarters. SoSoValue began development in 2023 and launched in 2024, rapidly becoming the largest professional crypto research platform, available on PC, Android, and iOS.