The encrypted data platform SoSoValue has completed a $15 million financing round, with lead investment from Hongshan.

BlockBeats News, January 8th. According to Fortune, the crypto data platform SoSoValue has completed a $15 million funding round at a $200 million valuation. The round was led by Hongshan, SmallSpark, Mirana Ventures, and Safepal. Following this funding round, SoSoValue has raised nearly $20 million in total.

SoSoValue stated that the funding round was completed at the end of December 2024 and the funds will primarily be used for the SoSoValue Indices (SSI) reserve fund. SSI is an innovative spot crypto index protocol designed to drive efficient investing in the crypto market and make SoSoValue the first institution to introduce spot indices to the market in token form.

Previously reported by BlockBeats, SoSoValue announced in late June of this year that it had completed a $4.15 million seed round, led by HongShan, with participation from GSR Markets, Alumni Ventures, CoinSummer Labs, and One Piece Labs. Additionally, the co-founder of Gitcoin, early Ethereum investors, and founders of top Web3 and AI tech companies participated in the round.