Crypto market intelligence startup Messari secured $21M in Series A Funding Round

Messari, a New York-based crypto market intelligence company, has now secured $21 million in a Series A funding round.

Messari is founded by Ryan Selkis. The blockchain startup is building a crypto asset industry’s disclosures library and big data analytics platform. The platform helps investment professionals to evaluate some of the new opportunities in the emerging asset class.

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."

Adam Carson, an operating partner at Point72 Ventures, said, "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."

The round was backed by the Point72 Ventures. Other participating investors include Underscore VC, Uncork Capital, and Coinbase Ventures. Some of the other strategic investors who participated include the Blockchain Ventures, Alameda Capital, Gemini Frontier Fund, CMS Holdings, Kraken Ventures, Winklevoss Capital, and Nascent

Post funding, Adam Carson, the Operating Managing Partner at Point72 Ventures, will join the Messari, Board of Directors team.

The company, as of now, has plans to use the new funds to expand the global reach of its enterprise and pro product suites. The crypto startup also intends to introduce new offerings that streamline participation in decentralized projects and their communities. Messari will also leverage newly raised funds to triple the size of its research and engineering teams, notes the announcement.