Coinbase Ventures, Winklevoss Capital and Kraken Ventures were among the investors who supported Messari’s round.
Data analytics platform cryptos Messari announced yesterday that it has completed a Series A funding round in which it raised $ 21 million. The round was led by Point72 Ventures and saw the participation of previous investors Underscore VC, Uncork Capital and Coinbase Ventures.
The business intelligence company plans to use the new funding to expand its research and engineering teams and offer more products, as well as globally expand its existing Pro and Enterprise product suites.
Ryan Selkis, CEO of Messari, explains : ” Thousands of investors, cryptocurrency companies and token projects are already relying on our products and services to conduct industry audits and participate in the emerging crypto economy. This new funding reinforces the value we have created for our early crypto-native clients and highlights the opportunity we have to address some of crypto’s most challenging information and compliance issues for new institutional entrants as well. »
Selkis previously led the restructuring of CoinDesk and managed Digital Currency Group’s start-up investment business before co-founding Messari three years ago. Messari’s board of directors now includes Adam Carson, partner of Point72 Ventures.
Adam Carson said : ” While investor participation in the cryptocurrency industry has grown exponentially over the past three years, current cryptocurrency research and analysis tools still lack the sophisticated signals and data that more advanced investors need. Messari fills this indispensable space, creating a central access point to reliable information for the entire crypto ecosystem. »
Messari’s market intelligence products are already used by industry leaders such as Chainalysis, Coinbase, BlockTower and Gemini. The growth in crypto’s popularity over the past year has also led decentralized autonomous organizations (DAOs) and institutional investors to take advantage of Messari’s research, data and compliance products.
Series A was also supported by new investors such as Winklevoss Capital, Kraken Ventures, Alameda Capital and Gemini Frontier Fund, as well as angel investors such as Anchorage co-founder Diogo Monica and Thomson Reuters CEO Tom Glocer.
The investment will help fund Messari’s annual Mainnet 2021 summit and the development of its community-based research and educational content. It will also allow Messari to expand its offering of crypto-businesses, such as its new cryptos asset search tool, the Messari Asset Coverage Support (MACS) product.