Numerai Raises $30M Series C At $500M Valuation
Numerai has raised $30 million in a Series C financing round.
The round was led by top university endowments and values Numerai at $500 million—a 5x increase from our last valuation in 2023. Existing investors, including Union Square Ventures, Shine Capital, and Paul Tudor Jones, also participated.
We are excited to have university endowments leading this round. These are the smartest, most long-term allocators in the world. Their investment, combined with our continued support from existing investors moves Numerai into the next phase.
This financing comes on the heels of two other major milestones:
- Capacity: Securing up to $500 million in capacity from J.P. Morgan.
- Alignment: Our recent purchase of $1 million of NMR from the open market.
Numerai has never grown so fast. Over the past three years, we’ve grown AUM from ~$60m to $550m – including an extra $100m just this past month. In 2024, the Meta Model delivered a net return of 25.45% with only a single down month. With the new equity capital and J.P. Morgan's capacity, we are now positioned to scale our AI hedge fund toward $1 billion in AUM and beyond.
To support this growth, we are expanding our physical footprint. We are moving into a larger headquarters in San Francisco and will soon be opening a new office in New York City.
We are also scaling our engineering and research teams immediately. 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.
If you are interested in applying AI to financial markets in completely new ways, join us.
