Crypto Analytics Firm Messari raises $21 Million in Series A funding
Messari,a crypto analytics company raised $21
Million in Series A funding and wants to use this funding to buckle up on its
engineering and research headcount by as much as three times. They are also
planning to launch token governance tools,, beef up their analyst hub, and expand the reach
of their product suites internationally with the newly raised funds, as
revealed by the firm on Thursday, August 5th, 2021.
This funding round saw participation from New York-based Point72 Ventures, Underscore, Coinbase Ventures, VC and Uncork Capital. The Series A financing was also joined by Thomson Reuters CEO Tom Glocer, Alameda Capital, Kraken Ventures, CMS Holdings, Blockchain Ventures and Anchorage Co-Founder and President, Diogo Monica. The round is Point72 Ventures’ first completed investment in the crypto sector.
Messari aims to introduce new offerings that could streamline participation in decentralized projects and their communities. Messari also wants to lay a part of their funding in Messari’s annual summit, Mainnet 2021, which the firm is planning to host in New York City September 20-22.
The operating partner of Point72 Ventures, Adam Carson has joined Messari’s board of directors as a part of this funding. It came to be known in May that Point72, Matrix Capital Management and Millennium Management and were working to set up dedicated cryptocurrency investment vehicles.
Ryan Selkis, the founder of Messari, expresses his happiness towards the newly gained investment by saying, "We are proud to partner with an exceptional syndicate of new and existing investors that will help usher in Messari's next phase of growth. This new funding reinforces the value we have created for our early crypto-native customers and highlights the opportunity we have to solve some of crypto's most challenging information and compliance problems for new institutional entrants as well."
Messari, founded in 2018 by Ryan Selkis, is a data analytics platform that provides data insights, pricing, and research on crypto-assets through an open-source library of information. Before becoming an integral part of Messari, Selkis led the Digital Currency Group’s founding team where he was responsible for the firm’s seed investing activity. He also led the restructuring and annual Consensus conferences for CoinDesk
CBW - External Analyst