Numerai Raises $30 Million Series C, Hits $500 Million Valuation
Numerai — the AI-driven, San Francisco–based hedge fund known for crowdsourcing global data scientists — has secured $30 million in Series C funding, pushing its valuation to $500 million, a fivefold jump from 2023.
The round was backed by major U.S. university endowments, along with existing investors Union Square Ventures, Shine Capital, and legendary macro trader Paul Tudor Jones.
This fresh capital follows J.P. Morgan Asset Management’s August 2025 commitment to provide up to $500 million in capacity for Numerai’s hedge fund products, giving the firm institutional momentum as it approaches nearly $1 billion in AUM.
Key Highlights
- AUM Growth: Numerai’s assets under management surged from $60M to $550M over three years.
- Performance: The firm’s flagship global equity fund delivered 25.45% net returns in 2024 with only one down month.
- Expansion Plans: Funds will be used to:
- Grow AI engineering teams
- Expand research infrastructure
- Scale institutional products
- Boost the global data science tournament
Founder and CEO Richard Craib said the new investment supports Numerai’s long-term mission of building “the world’s last hedge fund,” powered entirely by AI models created by competitive data scientists worldwide.
Numerai’s unique model blends thousands of user-submitted stock-prediction models into a single Meta Model, with contributors staking Numeraire (NMR) tokens. Good predictions are rewarded; poor ones are penalized, creating a competitive “survival of the fittest” system.
Following the Series C announcement, the NMR token surged 41%, now trading around $11.65, boosted by investor confidence in Numerai’s rapid growth and institutional validation.
