Messari Raises $21 Million in Series A Founding Round Led by Point72 Ventures

Fazzaco learned that cryptocurrency market intelligence provider Messari has raised $21 million in a Series A funding round.

The latest round was led by Point72 Ventures with participation from Coinbase Ventures, Uncork Capital, Underscore VC as well as Alameda Capital, Blockchain Ventures, CMS Holdings, Gemini Frontier Fund, Winklevoss Capital, Kraken Ventures, and Nascent. Prominent angel investors include former Thomson Reuters CEO Tom Glocer and Anchorage Co-Founder and President, Diogo Monica.

According to the official press release, the funds are expected to help the company expand the global reach of its Pro and Enterprise product suites, triple the size of its engineering and research teams, and introduce new offerings that streamline participation in decentralized projects and their communities.

In addition, the company will use the investment to broaden its crypto enterprise offerings and expand its institutional footprint. The investment will also allow the company to expand its community research and educational content.

As part of the transaction, Adam Carson, an operating partner at Point72 Ventures, has joined the Messari board of directors. Messari is Point72 Ventures' first investment in the crypto space.