21.Co raises $25M, becoming Switzerland's largest crypto unicorn

ZURICH, Switzerland – September 7, 2022 – 21.co, the world's leading provider of access to cryptocurrency

that are straightforward and easy to use, has just announced a new funding round of $25 million, which will be led by Marshall Wace. As a result of this round, the company has been valued at up to $2 billion, making it Switzerland's largest cryptocurrency unicorn. 21.co will continue to drive rapid and targeted growth with the help of this round of financing by developing products that are the first of their kind, expanding into key markets, and strategically acquiring talented individuals. Collab+Currency, Quiet Ventures, ETFS Capital, and Valor Equity Partners are among of the other investors that participated in this round.

In addition to receiving finance, the company made the announcement that 21.co will serve as its new parent company. Amun is a token provider that is focused on making the DeFi world more accessible, and 21Shares is the world's largest issuer of cryptocurrency exchange traded products (ETPs). 21.co is a collection of companies, the largest of which is 21Shares, which is powered by Onyx, a proprietary technology platform used to issue and operate cryptocurrency ETPs for 21Shares and third parties.

This round, which was raised during Crypto Winter

was the company's first raise in over two years. This is a tribute to the early success of the company as well as the growing demand among investors for the asset class. To demonstrate that there is a demand from investors, the business finished the year 2021 with a nine-figure revenue run rate and has experienced consistent inflows of cash even when the markets were doing poorly. 21.co reached its highest level of assets under management (AUM), which was $3 billion, in November of 2021, after recording a year-to-date total of over $650 million in net new assets from September 2021 through September 2022. In order to keep up with the fast expansion of the company's operations, 21.co during this time period increased its personnel by 75%.

In 2018, Ophelia Snyder and Hany Rashwan established 21.co with the intention of bridging the gap between the traditional and crypto worlds. Since that time, 21.co has been on an incredible journey to remain at the forefront of the market by providing investors with the most innovative cryptocurrency exchange-traded products (ETPs), the broadest token solutions, a decentralized software platform to create, list, and manage ETPs globally, and more forward-thinking solutions. All of these offerings are powered by free institutional-grade research to educate investors about the ever-changing industry.

"My co-founder Ophelia and I set out with the simple purpose to make crypto more accessible," said Hany Rashwan, CEO and Co-Founder at 21.co. "We set out with a simple mission to make crypto more accessible," he added. "Although we've only been around for a short while, we've already become the most highly valued and largest tech startup in Switzerland. 21.co is still dedicated to developing cutting-edge solutions that can satisfy the needs of investors despite the fact that this asset class is continuing to see significant growth.

"The success 21.co has achieved over the previous four years is absolutely fantastic," stated Ophelia Snyder, President and Co-Founder at 21.co. "The success 21.co has experienced over the past four years is genuinely amazing." "We have established a team that is extraordinarily diverse, with some of the sharpest brains in the crypto space, and brought on investors who are the best in their class." Our efforts to develop bridges into the asset class and alter the world of cryptocurrency are just getting started.

"At Marshall Wace, our culture is centered around innovation, and when we met with the staff at 21.co, we noticed an obvious match of ideals between our two organizations. "21co is a first-mover in the cryptocurrency business," said Amit Rajpal, Partner and CEO Asia at Marshall Wace. "The company is focused on growth, and devoted to offering new and innovative products to investors across markets in a secure, accessible way." "MW believes that 21.co has the ability to transform the business globally, and we're looking forward to working alongside the team." "Even in the midst of crypto winter, MW believes that 21.co has the capacity to revolutionize the industry."

Cathie Wood, founder, chief executive officer, and chief investment officer of ARK Investment Management LLC, as well as an independent board member of 21.co, stated that "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 of funding is a testament to 21.co's early success and to the company's capacity to prosper in both bull and bear markets. I am pleased to have played a role in the development of 21.co.

The rise for 21.co comes after a year in which the company experienced substantial growth and product innovation. In particular, the 21Sh

Chris Eberechi

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