21.co Raises $25 Million, Becoming Switzerland’s Largest Crypto Unicorn

21.co is unveiled as a parent company to 21Shares and Amun

ZURICH, Switzerland – September 7, 2022 – 21.co, the world’s leader in providing access to crypto through simple and easy to use products, today announced a $25 million round led by Marshall Wace. This round values the business up to $2 billion, making 21.co Switzerland’s largest crypto unicorn. 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. Other investors in the round include Collab+Currency, Quiet Ventures, ETFS Capital and Valor Equity Partners.

In addition to funding, the company also announced its new parent company, 21.co. 21.co is a collection of companies, the largest of which is 21Shares, the world’s largest issuer of cryptocurrency exchange traded products (ETPs) – which is powered by Onyx, a proprietary technology platform used to issue and operate cryptocurrency ETPs for 21Shares and third parties – in addition to Amun, a token provider focused on making the DeFi world more accessible.

This round – raised during Crypto Winter – was the company’s first raise in over two years, a testament to the company’s early success and growing investor demand in the asset class. To prove such investor demand, the company ended 2021 on a nine-figure revenue run rate and has seen sustained inflows, even during down markets. Year-to-date, from September 2021 to September 2022, 21.co recorded over $650 million in net new assets, and hit its peak AUM at $3 billion in November of 2021. To support this rapid business growth, 21.co grew its headcount 75% during this period.

Launched in 2018, by Ophelia Snyder and Hany Rashwan, 21.co was founded to build bridges into the crypto world. Since then, 21.co has been on a tremendous journey to stay at the forefront of the market by providing investors with the most innovative crypto 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 powered by free institutional-grade research to educate investors about the evolving industry.