SoSoValue Secures $15 Million in Series A, Valuation Nears $200 Million

YM Lee

Summary

SoSoValue reported raising $15 million through its Series A round.
The investment brought SoSoValue's valuation close to $200 million.
The company's valuation has increased by over 300% since the seed round.

Exchange-Traded Fund (ETF) data platform SoSoValue has raised $15 million through its Series A round.

According to The Block's report on the 8th (local time), this round was co-led by Hongshan and SmallSpark, with participation from several investors including Mirana Ventures and SafePal. Through this round, SoSoValue achieved a valuation of $200 million.

Mei Wang, co-founder of SoSoValue, explained, "This round was a simple future equity agreement with a 1:1 token warrant, and the company's valuation has increased by over 300% since the seed round."