21.co, the parent crypto ETF provider 21Shares, announced a $25 million funding round, led by Marshall Wace.
The company’s latest capital injection has resulted in a value of $2 billion
Also, the firm stated that it is now “Switzerland’s largest crypto unicorn” due to its post-money valuation. The funding round was 21.co’s second in two years and included participation from Collab+Currency (Quiet Ventures), ETFS Capital, Valor Equity Partners, and Valor Equity Partners.
According to the company’s statement,
“21. co will continue to drive targeted, rapid growth with this financing round through first-of their-kind products, key markets expansions and strategic talent acquisitions.”
21.co reported that it ended 2021 on a nine-figure revenue rate.
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