21.co Raises $25 Million at $2 Billion Valuation

21.co is a crypto investment product firm. The company’s aim is to provide investors with innovative crypto exchange-traded products (ETPs), token solutions, overall, 42 products. 21.co is a parent company of 21Shares, an ETP issuer, and Amun, a token provider that crafts DeFi investment products by combining financial and smart contracts.

The funding round was led by Marshall Wace. Collab+Currency, Quiet Ventures, ETFS Capital, and Valor Equity Partners also participated in the round. The money raised will be used for growth acceleration around the world and preparation for potential strategic talent acquisitions.

21.co, Zurich, Switzerland, was founded by Hany Rashwan and Ophelia Snyder in 2018. “The real impressive stat is we’ve gotten to this $2 billion valuation off of just raising $10 million, and that’s, I would argue, a pretty good use of capital. It’s important for our customers to realize how large a company they’re entrusting their funds with and to have that clarity,” Hany Rashwan. As of now, the company has more than 100 employees and 11 exchanges in 7 countries. On May 21.co launched its first bitcoin and ether ETFs in Australia, and plans to make a similar offer in the Middle East.

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