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HomeTechnologyMessari secures $35 M in Series B round

Messari secures $35 M in Series B round

Messari, a provider of crypto research and analytics firm, has raised $35 million in Series B round to expand its data and tool offerings.

During the ongoing Mainnet 2022 Summit, Messari co-founder Ryan Selkis made the announcement regarding the fresh funding on September 21. The money will go toward expanding the company’s staff and creating its recently introduced products.

Messari secures $35 M in Series B round
Messari secures $35 M in Series B round

Brevan Howard Digital, Morgan Creek Digital, Samsung Next, and FTX Ventures are among the new investors participating in the Series B round.  Existing investors are also participating like Point72 Ventures, Kraken Ventures, Uncork Capital, Underscore VC, Galaxy, and Coinbase Ventures.

Messari has recently released new products, in the name of,  Protocol Metric and Data apps. The products will compare assets across networks and analyse the health, growth, and usage of a protocol.

Messari introduced Data Apps, a marketplace for data applications where users can browse specialised data sets, to enhance its data offerings.

The addition of Protocol Metrics and Data Apps, according to Messari Director of Product Florent Moulin, will make the company “equally strong of a data provider as it is a research and analytics provider.”

 Messari’s Director of Product, Florent Moulin, stated:

“We’ve built our products with our customers in mind, and we’ve witnessed a large demand for real-time protocol financial reporting, so we’re proud to introduce these unique offerings that completely change the experience for users.”

Messari Series A funding round

Leading cryptocurrency market intelligence provider Messari revealed today that it has closed a $21 million Series A funding round led by Point72 Ventures. With the investment, the company will be able to triple the size of its engineering and research teams, expand the global reach of its Pro and Enterprise product suites, and launch new services that make it easier to engage with decentralised projects and their communities.

Coinbase Ventures, Uncork Capital, and Underscore VC are among the investors who have previously contributed to the round. New strategic investors Alameda Research, Blockchain Ventures, CMS Holdings, Gemini Frontier Fund, Winklevoss Capital, Kraken Ventures, and Nascent are also participating. Former CEO of Thomson Reuters Tom Glocer and Anchorage Co-Founder and President Diogo Monica are notable angel investors.

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