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Quick take:
The $500 million valuation is 5x the company’s last valuation of $100 million in 2023.
Numerai said its assets under management over the past three years grew from about $60 million to $550 million.
The company plans to use the fresh capital to “move Numerai to the next phase.”
Decentralised finance (DeFi) and AI-focused hedge fund, Numerai, has raised $30 million in a Series C funding round led by university endowments. The fundraising also attracted participation from existing investors, including Union Square Ventures, Shine Capital, and Paul Tudor Jones.
The funding was executed at a valuation of $500 million, which is five times Numerai’s last valuation in 2023, according to a blog post on the company’s website. It follows a rapid growth that has seen Numerai assets under management grow from about $60 million to $550 million in three years.
The company said it will use the fresh capital, together with the continued support from investors, to move Numerai to the next phase. Numerai’s next target is to drive its AI-driven strategies toward nearly $1 billion in assets under management (AUM).
Commenting on university endowments’ leading role in the round, Numerai wrote: “We are excited to have university endowments leading this round. These are the smartest, most long-term allocators in the world.”
The announcement comes amid the rapid growth of the AI sector, which has seen Nvidia become the biggest company by market capitalization.
Nvidia is also ranked among the best AI stocks to buy in 2025, according to Capital.com, as demand for its GPUs grows, driven by the need for more computing power for developing and training AI agents.
Numerai said it also plans to move into a larger headquarters in San Francisco ahead of opening a new office in New York City.
Some of the capital will also go towards the company’s research and engineering teams. “We are looking for people who want to build the last hedge fund—one powered by AI and built by the world’s best data scientists,” the company said.
Commenting on the announcement, Richard Craib, Founder and CEO of Numerai, said: “This round brings together exactly the type of investors we want behind Numerai — long-term, deeply informed, and willing to back a very different model of asset management built for the 21st century. With this capital, and J.P. Morgan Asset Management’s capacity commitment, we can push harder on our mission of building the world’s last hedge fund — powered by AI built by top competitive data scientists around the world.”
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