 
 
Disclaimer: The below article is sponsored, and the views in it do not represent those of ZyCrypto. Readers should conduct independent research before taking any actions related to the project mentioned in this piece. This article should not be regarded as investment advice.
On Thursday, November 20, Numerai, a San Francisco–based hedge fund and data science tournament, announced it had raised $30 million in a Series C financing round.
Led by top university endowments, the funding round saw participation from Union Square Ventures, Shine Capital, and macro investor Paul Tudor Jones.
The fund has garnered massive support from the event as the funding round values Numerai at $500 million, five times its 2023 valuation.
In August 2025, J.P. Morgan Asset Management committed up to $500 million in Numerai’s hedge fund capacity, which, 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).
 
Alongside J.P. Morgan Asset Management, the investors participating in the round include leading endowments, venture capital firms, and global macro investors that have supported Numerai’s development across multiple funding rounds.
Speaking on the successful seed round, 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.”
According to the announcement, 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.
Nonetheless, it is important to note that Numerai has grown assets under management from approximately $60 million to $550 million over the past three years.
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. Notably, Numerai’s investment process is supported by a coordinated data science community that operates as a global tournament.