SoSoValue has made waves in the crypto investment landscape with its announcement of $15 million raised in a Series A funding round, following a $4.15 million seed round in mid-2024. This brings the company’s total funding to nearly $20 million, enabling it to expand its offerings and strengthen its position as a leader in crypto research and investment tools. The recent Series A round was co-led by HSG and SmallSpark, with participation from Mirana Ventures and SafePal. According to SoSoValue, these funds will serve as a reserve for the newly launched SoSoValue Spot Index (SSI) Protocol, which has already shown promising results.
In the fourth quarter of 2024, SoSoValue beta-launched four SSI tokens on the Base Chain—MAG7.ssi, MEME.ssi, DEFI.ssi, and USSI. Within just two weeks of their release, these tokens garnered widespread attention, with over 10,000 wallets holding SSI tokens.
The SSI protocol introduces a novel approach to passive crypto investing, leveraging smart contracts to consolidate multiple assets into wrapped tokens that reflect the performance of various asset baskets. These wrapped tokens are designed to track the price actions of the underlying assets, making index-based investing in the crypto space more efficient and accessible. To ensure transparency and security, the underlying assets are secured by third-party licensed custodians.
The protocol also includes an automatic monthly rebalancing feature, accompanied by a 0.01% daily service fee for token holders. This design aims to simplify investing for ordinary users by offering a stress-free, market-tracking solution.
Jivvva Kwan, SoSoValue’s co-founder, emphasized the importance of democratizing access to index investing tools. Referring to the wisdom of Charlie Munger, Kwan stated, “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. We believe the best solution for everyday investors is a spot-based index that automatically rebalances—a stress-free, market-tracking investment option.”
In line with this philosophy, Kwan revealed that SoSoValue plans to launch an open-source index creation tool. This initiative will empower professional investors to transform their unique market insights into actionable index strategies, allowing anyone to issue their indices. “This will enable anyone to issue their indices, embodying SoSoValue’s commitment to information and asset equality,” Kwan added.
SoSoValue’s recent achievements reflect its vision of creating accessible and reliable investment tools for the trillion-dollar crypto market. Since its launch in 2024, the platform has attracted over eight million registered users, making it the largest professional crypto research platform. By leveraging advanced AI systems, SoSoValue provides investors with streamlined access to actionable data through intuitive dashboards.
Co-founder Jessie Lo highlighted the platform’s mission to simplify crypto investing, noting, “Finding reliable, relevant data has historically been a challenge in the space, as it has been fragmented across disparate platforms and providers. Our growth this past year is proof there is an appetite for actionable information and products, and we will continue to expand and bring more to our users throughout the rest of this year and beyond.”
With its innovative SSI protocol, rapid user growth, and commitment to accessibility, SoSoValue is setting a new standard in crypto research and investment. As the company continues to innovate and expand, it solidifies its position as a key player in the future of digital asset investment.