Numerai Raises $30M at $500M Valuation

San Francisco, USA/CA, November 20th, 2025, Chainwire

Numerai, a San Francisco–based hedge fund and data science tournament uniting machine learning, decentralized finance, and cryptocurrency incentives, today announced a $30 million Series C financing round led by top university endowments. The round values Numerai at $500 million, five times its 2023 valuation.

J.P. Morgan Asset Management’s August 2025 commitment of up to $500 million in Numerai’s hedge fund capacity, together with the new equity financing, provides Numerai with additional resources to scale its AI-driven strategies toward nearly $1 billion in assets under management (AUM).

Existing investors — including Union Square Ventures, Shine Capital, and macro investor Paul Tudor Jones — also participated in the round. Alongside J.P. Morgan Asset Management, they represent leading endowments, venture capital firms, and global macro investors that have supported Numerai’s development over multiple funding rounds.

“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,” said Richard Craib, Founder and CEO of Numerai. “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.”

The new capital will be used to expand Numerai’s AI engineering and research teams, increase hiring across key functions, grow participation in its global data science tournament, and support the scaling of its institutional hedge fund products.

Over the past three years, Numerai has grown assets under management from approximately $60 million to $550 million. In 2024, its flagship global equity hedge fund delivered a net return of 25.45% with a single down month, the strongest year in the firm’s history.

Numerai’s investment process is supported by a coordinated data science community that operates as a global tournament. Thousands of machine learning models contribute stock market signals that are combined into a single Meta Model trading global equity markets.

Numerai’s ecosystem is built around Numeraire (NMR), an Ethereum-based cryptocurrency used within Numerai’s data science tournament. Participants stake NMR on their stock market signals, who can earn or burn based on scores. This structure is intended to align incentives between Numerai and participating data scientists and connect the firm’s research process to the broader blockchain ecosystem.

About Numerai

Numerai is a San Francisco–based hedge fund and data science platform founded in 2015. Through a global competition and open API, thousands of data scientists submit stock market signals that Numerai aggregates into a single Meta Model trading global equities. Numeraire (NMR) is used to stake and reward signals that improve the fund. Numerai’s bet is that the future of asset management belongs to open, competitive machine intelligence rather than the walled garden of the multi-manager complex.

Discord | X | Docs