21Shares Parent Fetches $25M Funding, Post-Money Valuation Hits $2B
The focus will be on market expansion and hiring, among other key areas. 21.co, the parent crypto ETF issuer 21Shares, has announced raising $25 million in a funding round led by Marshall Wace. Following the latest capital infusion, the company is now valued at $2 billion.
21.co reportedly ended 2021 “on a nine-figure revenue run rate.” Even during the market downturn, the company is said to have witnessed sustained inflows. Over the last year, 21.co recorded $650 million in net new assets, with assets under management climbing all the way to $3 billion in November 2021. Its subsidiary – 21Shares – also has onboarded several executives tasked with aiding the company spread its reach in various European countries and expand to the Middle East.
Source
@CryptoWorldAnalysis
