Series A Funding For Messari Rakes In $21 Million

Table of Contents

• VCs And Angels Chimed In To Raise Funds
• Expansion Projects Waiting In The Wings 
• Point72 Partner Wins Messari Board Seat 

The funding led by Point72 Ventures saw support from existing and new investors. The capital will be channeled into expanding the company in terms of its teams, product suites, and new decentralized product offerings. 

VCs And Angels Chimed In To Raise Funds

Messari is a leading crypto intelligence company that had been supported in the past by companies like Coinbase Ventures, Uncork Capital, and Underscore VC. The latest funding round garnered even more investments through new strategic partners like Alameda Capital, Blockchain Ventures, CMS Holdings, Gemini Frontier Fund, Winklevoss Capital, Kraken Ventures, and Nascent. The funding also drew interest and support from angel investors, including former Thomson Reuters CEO Tom Glocer and Anchorage Co-Founder and President, Diogo Monica.

Messari’s co-founder and CEO, Ryan Selkis, commented on the funding round, 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...highlights the opportunity we have to solve some of crypto's most challenging information and compliance problems for new institutional entrants as well."

Expansion Projects Waiting In The Wings 

The $21 million capital raised in Series A will be used to expand Messari’s Pro and Enterprise product suites for token creators and provide services to improve industry project integration into core industry infrastructure. Additionally, the funds will assist in expanding Messari’s institutional footprint through the recently launched Messari Asset Coverage Support (MACS). It is a research tool that simplifies the onboarding, integration, and support of new crypto assets for institutional compliance and product teams. Messari’s annual summit, Mainnet 2021, scheduled for September 20th-22nd, New York City, is also part of the greater bandwidth of community reach expansion planned by the company. 

Point72 Partner Wins Messari Board Seat 

The funding round was led by Point72 Ventures as the latter’s first investment in the crypto space. In fact, Adam Carson, an operating partner at the venture capital, has joined Messari’s board of directors. Speaking on the partnership, Carson commented, 

"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. Messari is filling that much-needed space, creating a central access point for reliable information for the entire crypto ecosystem."

CEO Adam Selkis also applauded the partnership, calling Point72 Ventures the “ideal partner” to join in on the next phase of Messari’s expansion projects. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.