Coinbase Ventures, Winklevoss Capital and Kraken Ventures were among the investors who backed Messari’s funding round
Crypto data analytics platform Messari announced yesterday that it has completed a Series A funding round that 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 market intelligence firm plans to use the new funding to grow its research and development teams and offer more products, as well as expand its existing Pro and Enterprise product suites worldwide.
Messaris CEO Ryan Selkis stated: “Thousands of investors, crypto companies and token projects already rely on our products and services to perform industry diligence and participate in the emerging crypto economy. This new funding reinforces the value we created for our early crypto-native clients and underscores the opportunity we have to resolve some of crypto’s toughest information and compliance issues for new institutional entrants as well. “
Selkis previously led the restructuring of CoinDesk and led the seed investment activities of the Digital Currency Group before co-founding Messari three years ago. Point72 Ventures partner Adam Carson is now also on the Messari board of directors.
He commented: “While investor participation in the crypto industry has grown exponentially over the past three years, current crypto research and analysis tools still lack the sophisticated signals and data that more advanced investors need. Messari fills this much-needed space and creates a central point of access 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. 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 like Winklevoss Capital, Kraken Ventures, Alameda Capital and Gemini Frontier Fund, as well as angel investors like Anchorage co-founder Diogo Monica and Thomson Reuters CEO Tom Glocer.
The investment will help fund Messari’s annual 2021 Mainnet Summit and the development of its community research and education content. It will also allow Messari to expand its crypto enterprise offerings, such as its new crypto asset research tool, the Messari Asset Coverage Support (MACS) product.