The Crypto analytics and market intelligence company Messari has raised $21M in a Series A funding round. That investment course was led by Point 72 Ventures.
The massive funding announcement was unveiled by Messari Inc. on August 5. The company has raised nearly $21M in this funding round. These new Funds will help the company to expand its Pro and Enterprise product suites. It also aims to expand triple the size of its engineering and research teams.
Messari has successfully obtained $21 million funding from great players in the crypto market making its post-money valuation around $100M. The company also disclosed that Point72 Ventures had led a funding round amongst other significant players. As part of the transaction, Point72 Ventures Operating Partner, Adam Carson joined the board of directors.
It also includes investors like Coinbase Ventures, Alameda Capital, Blockchain Ventures, Gemini Frontier Fund, Winklevoss Capital, Kraken Ventures, and many others.
In a statement, co-founder and CEO Messari Ryan Selkis stated that “Point 72 Ventures is an ideal partner for us as we work to onboard new legacy financial institutions to our products. At the same time, the support from a wide range of crypto’s leading strategic investors puts us in a strong position to expand our product suite for token creators and provide services that help their projects get better integrated into core industry infrastructure.”
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How Messari will Utilize monet from the Series A Funding?
Messari says that new capital will broaden its cryptocurrency enterprise offering along with expanding its institutional footprint. This includes the recently launched project, Messari Asset Coverage Support (MACS). It is “a research tool that simplifies onboarding, integration, and support of new crypto assets for institutional compliance and product teams.”
The investment will also allow the company to expand its community research and educational content. It includes the production of Mainnet 2021, Messari’s annual summit, which they will host September 20-22 in New York City.
According to the announcement, the Messari funding is concerned; Also, the Messari investment is Point72 Ventures’ first investment in the crypto space.
