- 21.co just lately introduced it raised $25 million. These are the main points.
21.co just lately introduced it raised $25 million.
Funding quantity: $25 million
Valuation: $2 billion
Investors: Led by Marshall Wace and different traders within the spherical embody Collab+Currency, Quiet Ventures, ETFS Capital, and Valor Equity Partners
What does 21.co do: 21.co is the world’s chief in offering entry to crypto by way of easy and easy-to-use merchandise
What the funding will probably be used for: With this spherical of financing, 21.co will proceed to drive fast, focused development by way of first-of-their-kind merchandise, key market expansions and strategic expertise acquisitions.
Metrics: The firm ended 2021 on a nine-figure income run charge and has seen sustained inflows, even throughout down markets. And year-to-date, from September 2021 to September 2022, 21.co recorded over $650 million in internet new belongings, and hit its peak AUM at $3 billion in November of 2021. To help this fast enterprise development, 21.co grew its headcount 75% throughout this era.
Founding: Launched in 2018, by Ophelia Snyder and Hany Rashwan, 21.co was based to construct bridges into the crypto world. And since then, 21.co has been on an amazing journey to remain on the forefront of the market by offering traders with essentially the most modern crypto exchange-traded merchandise (ETPs), the broadest token options, a decentralized software program platform to create, record and handle ETPs globally and extra forward-thinking options – all powered by free institutional-grade analysis to coach traders concerning the evolving trade.
Another announcement: In addition to funding, the corporate additionally introduced its new father or mother firm, 21.co. 21.co is a group of corporations, the most important of which is 21Shares, the world’s largest issuer of cryptocurrency alternate traded merchandise (ETPs) – which is powered by Onyx, a proprietary know-how platform used to difficulty and function cryptocurrency ETPs for 21Shares and third events – along with Amun, a token supplier centered on making the DeFi world extra accessible.
“My co-founder, Ophelia, and I set out with a simple mission to make crypto more accessible. Now, we’re the highest valued and largest tech startup in Switzerland – and we’re still only in the early days. 21.co remains committed to building innovative products that meet investor demand as this asset class continues to gain rapid momentum.”
— Hany Rashwan, CEO and Co-Founder at 21.co
“The success 21.co has experienced over the past four years is truly amazing. We have built an incredibly diverse team, with some of the brightest minds in crypto and brought on best-in class investors. Our drive to revolutionize the world of crypto and build bridges into the asset class is only just getting started.”
— Ophelia Snyder, President and Co-Founder at 21.co
“At Marshall Wace, our culture is built around innovation – and we saw an immediate alignment of values when meeting with the team at 21.co. 21co is a first-mover in the crypto industry: the company is focused on growth, and committed to bringing new and innovative products to investors across markets – in a secure, accessible way. Even in the midst of crypto winter, MW believes that 21.co has the potential to revolutionize the industry globally and we’re looking forward to working alongside the team.”
— Amit Rajpal, Partner and CEO Asia at Marshall Wace
“When I first met the team at 21.co, I understood their long-term vision and truly believed the company would transform the crypto ecosystem. This round is a testament to 21.co’s early success and its ability to thrive in both bull and bear markets. I’m proud to be a part of the 21.co growth story.”
— Cathie Wood, Founder, CEO and CIO of ARK Investment Management LLC, and an unbiased board member of 21.co