Messari, a leading crypto market intelligence company, recently announced that it has secured $21 million in the Series A funding round led by the US-based Point72 Ventures.
According to an official announcement, Messari is planning to expand the international reach of the company’s Pro and Enterprise product suites through the latest funds. Additionally, the crypto firm aims to increase the size of its research and engineering teams.
The latest funding round is the first crypto-related investment of Point72 Ventures. The Series A funding includes support from the company’s existing investors Coinbase Ventures, Uncork Capital and Underscore VC.
New strategic investors, including Alameda Capital, Blockchain Ventures, CMS Holdings, Gemini Frontier Fund, Winklevoss Capital, Kraken Ventures and Nascent also joined the $21 million round.
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Commenting on the latest announcement, Ryan Selkis, Messari’s Co-Founder & CEO, said: “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. Thousands of investors, crypto enterprises and token projects already rely on our products and services to conduct industry diligence and participate in the emerging crypto economy. 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 highlighted that Adam Carson, an operating partner at Point72 Ventures, has joined the company’s board of directors as part of the recent transaction.
Crypto Market Intelligence
Founded nearly three years ago, Messari aims to bring transparency and smarter analysis to the cryptocurrency industry. Furthermore, the company provides crypto research and data analytics services.
“While investor participation in the crypto industry has grown exponentially over the past three years, current cryptocurrency research and analysis tools are still lacking the sophisticated signals and data that more advanced investors need. Messari is filling that much-needed space, creating a central access point for reliable information for the entire crypto ecosystem,” Carson commented.