Crypto data platform SoSoValue completes $15 million in financing to launch multi-currency index

PANews reported on January 8 that according to "Fortune", the AI-driven encrypted data platform SoSoValue announced the completion of a US$15 million Series A financing, with a valuation of US$200 million. This round of financing was led by Hongshan (Sequoia China), SmallSpark, Mirana Ventures and Safepal. SoSoValue stated 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 designed to promote efficient investment in the crypto market and makes SoSoValue the first institution to introduce spot index to the market in the form of tokens.

SoSoValue is committed to providing real-time market data and ETF fund flow tracking for retail investors. The SoSoValue Indices Protocol it launched packages digital assets into cross-chain cryptocurrencies through smart contracts. SoSoValue has launched four indices at the end of December, namely: MAG7 .ssi, MEME.ssi (tracks the top ten memecoins), DEFI.ssi and USSI (hedged).

SoSoValue completed a seed round of financing of US$4.15 million in mid-2024, bringing the total financing of the project to nearly US$20 million. The SoSoValue platform has more than 8 million registered users.