21Shares Parent Fetches $25M Funding, Post-Money Valuation Hits $2B

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.

  • The firm also said that the post-money valuation makes it “Switzerland’s largest crypto unicorn.”
  • The funding round, which was 21.co’s first in the last two years, also saw the participation of Collab+Currency, Quiet Ventures, ETFS Capital, and Valor Equity Partners.

The company’s statement read,

“With this round of financing, 21. co will continue to drive rapid, targeted growth through first-of-their-kind products, key market expansions, and strategic talent acquisitions.”

  • 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.
  • The Switzerland-based investment product issuer recently revealed plans to introduce retail and institutional investors to the asset class while simultaneously maintaining compliance with regulatory requirements in the regions.
  • In May, 21Shares entered the US market with the launch of two private funds tailored for accredited investors in the country to gain exposure to crypto assets.
  • The firm had previously teamed up with ARK Investment Management in an attempt to roll out a Spot Bitcoin ETF for US Investors, which was later rejected by the SEC.
SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

You Might Also Like:


.custom-author-info{ border-top:none; margin:0px; margin-bottom:25px; background: #f1f1f1; } .custom-author-info .author-title{ margin-top:0px; color:#3b3b3b; background:#fed319; padding:5px 15px; font-size: 20px; } .author-info .author-avatar { margin: 0px 25px 0px 15px; } .custom-author-info .author-avatar img{ border-radius: 50%; border: 2px solid #d0c9c9; padding: 3px; }
Previous PostNext Post