21.co has raised a total of $146 million across multiple funding rounds, with top investors including Marshall Wace and Cisco Investments. The New York City-based platform offers a suite of financial services for cryptocurrencies, enabling investors to access innovative crypto products, including exchange-traded products and DeFi-integrated tokens.
What Is 21.co and What Does It Do?
21.co, founded in 2013, is a U.S.-based financial services company focused on the cryptocurrency sector. The platform provides products such as 21Shares for STP issuance and Amun, which combines smart contracts with DeFi investment opportunities. Through these offerings, 21.co allows investors to engage with digital assets in a secure, regulated, and efficient manner.
With a small but specialized team of 11-50 employees, 21.co supports institutional and individual investors seeking to diversify their portfolios in the crypto market. The company’s solutions are designed to simplify access to crypto exchange-traded products while ensuring compliance and operational reliability.
How Much Funding Has 21.co Raised?
1. Seed Round 1
- Amount Raised: $5.05M
- Date: May 2013
- Lead Investors: Not disclosed
- Motivation: To launch the platform and develop core cryptocurrency products.
2. Seed Round 2
- Amount Raised: $116M
- Date: March 2015
- Lead Investors: Andreessen Horowitz, DCVC, Khosla Ventures, Qualcomm Ventures, Pantera Capital, RRE Ventures
- Motivation: To expand product offerings and scale operations in the crypto financial space.
3. Series A Round
- Amount Raised: $25M
- Date: September 2022
- Lead Investors: Marshall Wace, Collab+Currency, Quiet Capital, ETFS Capital, Valor Equity Partners, Three Arrows Capital, Celsius
- Motivation: To grow platform capabilities and strengthen crypto investment solutions.
Total Funding Raised: $146 Million
Current Valuation: $2 Billion (as of September 2022)
Latest Funding Date: September 2022
Key Investors
1. Marshall Wace
- Details: A global investment management firm focused on equities and alternative investments.
- Investment Focus Areas: Financial services, innovative asset classes.
- Notable Investments: Circle, ConsenSys, Pine Labs, Tipalti.
2. Cisco Investments
- Details: Venture arm of Cisco Systems, investing in technology-driven companies worldwide.
- Investment Focus Areas: Networking, Enterprise Technology, Fintech.
- Notable Investments: Cohere, Scale AI, AppOmni, DESCycle.
Where Is 21.co’s Headquarters?
21.co is headquartered in New York City, United States, placing it in the heart of a major financial and tech hub. The location offers strategic access to institutional investors, fintech partners, and regulatory resources, supporting the company’s growth in crypto finance.
What’s Next for 21.co?
21.co is positioned to expand its product offerings and deepen its presence in crypto financial services. With a growing demand for exchange-traded and DeFi-integrated products, the company is likely to pursue strategic partnerships and potential funding opportunities to scale operations. 21.co aims to remain a trusted platform for investors seeking innovative and compliant crypto investment solutions.
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