SoSoValue Secures $15M for Spot Index Protocol Development
SoSoValue, an AI-driven crypto research platform, has raised $15 million to launch its Investible Spot Index Protocol SSI.
According to the company’s press release, the Series A round was co-led by existing shareholders HSG and SmallSpark, with participation from Mirana Ventures and SafePal.
SoSoValue Now Valued at $200 Million
In addition to the previous $4.15 million seed round in mid-2024, the total investment in the project is now nearly $20 million, with a valuation at approximately $200 million.
🚀 We're thrilled to announce that SoSoValue has secured $15M in Series A funding at a $200M valuation!
This round was co-led by our existing shareholder HSG and SmallSpark, alongside participation from @mirana and @iSafePal. With over 8M active registered users, these funds… https://t.co/pyutdSq1Y4 pic.twitter.com/PnNMJ3Itaf
— SoSoValue (@SoSoValueCrypto) January 8, 2025
The newly raised funds will primarily support the development of SSI, a system designed to create tokenized crypto indices.
SSI tokens track the performance of various asset baskets and are built on Base chain, with beta versions of four indices already launched in December 2024.
Based on the release, the initial four SSI tokens—MAG7.ssi, MEME.ssi, DEFI.ssi, and USSI—have accumulated more than 10,000 unique wallet holders within two weeks of launch.
The tokens use smart contracts to automate monthly rebalancing and are backed by licensed custodians for security.
The protocol allows investors to gain passive exposure to diversified crypto portfolios through a simple token-holding mechanism.
Token holders are charged a 0.01% daily technical service fee, which contributes to maintaining the system and ensuring transparency.
SoSoValue’s platform leverages AI to provide detailed investment insights, combining multi-source data with intuitive dashboards.
The company reported a surge in its user base, surpassing eight million registered users in 2024.
A Mission to Simplify Crypto Investing
“Finding reliable, relevant data has historically been a challenge in the space, as it has been fragmented across disparate platforms and providers,” said SoSoValue co-founder Jessie Lo.
“We are on a mission to simplify investing in this asset class for all market participants,” she added.
With over eight million users and a fresh infusion of capital, SoSoValue is set to solidify its position as a leader in crypto investment research and tokenized indices.
Source: cryptonews.com
