Quick Take
- Messari has raised US$21 million in a Series A funding round led by Point72 Ventures.
- This is Point72 Ventures’ first investment in the crypto space.
- Messari will use the fund to expand its global presence, triple the size of its engineering and research teams, and introduce new offerings.
Crypto market intelligence firm Messari has raised US$21 million in a Series A funding round led by Point72 Ventures.
This is Point72 Ventures’ first investment in the crypto space. Adam Carson, who is an operating partner at Point72 Ventures, has joined the Messari board of directors as part of the deal.
“While investor participation in the crypto industry has grown exponentially over the past three years, current crypto research and analysis tools are still lacking the sophisticated signals and data that more advanced investors need,” stated Adam. “Messari is filling that much-needed space, creating a central access point for reliable information for the entire crypto ecosystem.”
The funding round also garnered support from existing investors 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. Prominent angel investors include former Thomson Reuters CEO Tom Glocer and Anchorage Co-Founder and President, Diogo Monica.
Messari will use the fund to expand the global reach of its Pro and Enterprise product suites, triple the size of its engineering and research teams, and introduce new offerings. These initiatives is likely to help it compete with a slew of other crypto market intelligence firms, such as Coin Metrics and Glassnode.
Founded in 2018, Messari is led by former Digital Currency Group and CoinDesk executive Ryan Selkis. 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. Selkis’s vision for Messari’s hiring and offering expansion will formalize with the added backing.
“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,” stated Messari co-founder & CEO Ryan Selkis. “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.”
According to Crunchbase data, Messari previously raised US$5 million over 4 rounds of seed and venture funding.