Thu. Aug 18th, 2022

Messari Raises $21M in Series A Funding

Messari, a NYC-based crypto market intelligence company, closed a $21m Series A funding.

The round was led by Point72 Ventures with participation from Coinbase Ventures, Uncork Capital, and Underscore VC, as well as new strategic investors Alameda Capital, Blockchain Ventures, CMS Holdings, Gemini Frontier Fund, Winklevoss Capital, Kraken Ventures, and Nascent, as well as angel investors including former Thomson Reuters CEO Tom Glocer and Anchorage Co-Founder and President, Diogo Monica. As part of the transaction, Adam Carson, an operating partner at Point72 Ventures, has joined the Messari board of directors.

The company intends to use the funds to:

  • expand the global reach of its Pro and Enterprise product suites,
  • triple the size of its engineering and research teams,
  • introduce new offerings that streamline participation in decentralized projects and their communities,
  • grow its institutional footprint and its community research and educational content, including the production of Mainnet 2021, Messari’s annual summit, which the company will host September 20-22 in New York City.

Led by CEO Ryan Selkis, Messari is building a cryptoasset industry’s disclosures library and data analytics platform which enables investment professionals to evaluate new opportunities in the emerging asset class.

Prior to launching Messari, Selkis was on the founding team of Digital Currency Group where he managed the firm’s seed investing activity, and CoinDesk, where he led the company’s restructuring and annual Consensus conferences.  

Used by top-tier companies including Coinbase, Gemini, BlockTower, and Chainalysis, Messari provides its users with comprehensive product offerings that combine formerly disparate market intelligence functions into one all-encompassing platform. Since its founding in January 2018, the company has launched an array of qualitative and quantitative data, research, and compliance products for crypto funds, infrastructure providers, and token creators.

Source: https://www.finsmes.com/2021/08/messari-raises-21m-in-series-a-funding.html

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