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Fast take:
Present traders HSG and SmallSpark led the spherical with Mirana Ventures and SafePal taking part.
The fundraising brings the entire raised nearer to $20 million following a $4.15 million seed spherical introduced final 12 months.
SoSoValue leverages AI algorithms that analyse information from a number of sources and current it in an “intuitive dashboard.”
SoSoValue has raised $15 million in a Sequence A spherical led by present traders HSG and SmallSpark. The fundraising additionally attracted participation from Web3-focused enterprise capital agency Mirana Ventures and crypto software program firm SafePal.
The Sequence A spherical brings the entire raised nearer to $20 million following a $4.15 million seed spherical introduced in 2024. The spherical was closed at a valuation of $200 million, in accordance with a press launch on Wednesday.
The corporate plans to make use of the funds to launch the Investible Spot Index Protocol (SSI), following the ‘profitable’ launches of 4 SSI tokens: MAG7.ssi, MEME.ssi, DEFI.ssi, and USSI (Delta-neutral funding-rate incomes) on the Base chain as a beta take a look at in late December 2024. SoSoValue says that inside simply two weeks of launch, “greater than 10,000 distinctive pockets addresses have been proven to be holding SSI tokens.”
SoSoValue leverages synthetic intelligence algorithms to assemble information from a number of sources and current it in an “intuitive dashboard”. Customers can use the platform to analyse crypto markets by asset varieties, together with Dexes, ETFs and particular person cryptocurrencies, in addition to fundraising by Web3 startups.
The corporate says its Index Protocol “leverages on-chain sensible contracts to repackage multi-chain, multi-asset portfolios into wrapped tokens that symbolize a basket of belongings.”
Commenting on the announcement, Jivvva Kwan, co-founder at SoSoValue stated in an announcement: “ To additional democratize investing, we plan to launch an open-source index creation instrument, empowering skilled traders to show their distinctive market insights into actionable index methods. This can allow anybody to difficulty their very own indices, embodying SoSoValue’s dedication to data and asset equality.”
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