Messari has successfully raised $40 million over three funding rounds, achieving a valuation of $300 million. The platform is dedicated to providing comprehensive data analytics and research for the cryptoasset ecosystem.
Keep reading to explore the intricacies of Messari's fundraising journey and the investors backing this innovative platform.
What Is Messari?
Messari, founded by Dan McArdle and Ryan Selkis, is headquartered in New York City. The company specializes in providing open data and analytics for the cryptoasset ecosystem.
With a team of 51-200 employees, Messari combines user-friendly tools and a top-notch research team to assist investors, researchers, and compliance teams. Their platform offers comprehensive data and learning resources to help users make informed decisions.
Messari's mission is to organize and contextualize all crypto information on a global scale, making it accessible and useful for a wide range of users.
How Much Funding Has Messari Raised?
- Seed Round
- Amount Raised: $1,000,000
- Date: March 2018
- Motivation Behind the Round: To kickstart the development of their open data platform for the cryptoasset ecosystem.
- Unknown Round
- Amount Raised: $4,000,000
- Date: November 2019
- Motivation Behind the Round: To expand their research capabilities and enhance data analytics tools.
- Series B Round
- Amount Raised: $35,000,000
- Date: September 2022
- Valuation at Round: $300M
- Motivation Behind the Round: To expand 'Bloomberg of crypto' ambitions.
Messari has raised a total of $40,000,000 and is currently valued at $300M.
Key Investors
- Blockchain Capital
- Details: Blockchain Capital is a venture capital firm that focuses on the blockchain technology sector. Founded in 2013, it has invested in numerous blockchain startups.
- Investment Focus Areas: Blockchain, Fintech, Cryptocurrency
- Notable Investments: Coinbase, Ripple, Kraken
- Coinbase Ventures
- Details: Coinbase Ventures is the investment arm of Coinbase, one of the largest cryptocurrency exchanges in the world. It aims to support early-stage companies in the crypto and blockchain space.
- Investment Focus Areas: Cryptocurrency, Blockchain, Fintech
- Notable Investments: Compound, OpenSea, BlockFi
- Uncork Capital
- Details: Uncork Capital is an early-stage venture capital firm based in San Francisco. It has a history of investing in technology startups across various sectors.
- Investment Focus Areas: SaaS, Fintech, Consumer
- Notable Investments: Eventbrite, Postmates, Poshmark
- CoinFund
- Details: CoinFund is a blockchain-focused investment firm that supports companies in the decentralized technology space. It was founded in 2015 and has a diverse portfolio.
- Investment Focus Areas: Blockchain, DeFi, NFTs
- Notable Investments: Dapper Labs, Rarible, Balancer
- Fenbushi Capital
- Details: Fenbushi Capital is a venture capital firm that exclusively invests in blockchain-enabled companies. It is one of the first and most active blockchain investors in Asia.
- Investment Focus Areas: Blockchain, Fintech, AI
- Notable Investments: VeChain, Circle, Zilliqa
What's Next for Messari?
Messari's future looks promising as it aims to solidify its position as the "Bloomberg of crypto." With a recent $35 million raise, the company is well-positioned to enhance its data and analytics services, catering to the growing demand for reliable cryptocurrency information. This expansion presents a significant opportunity for Messari to scale its operations and infrastructure.
As the cryptocurrency market continues to attract interest and investment, Messari may find additional fundraising opportunities to support its growth. However, the company will need to navigate challenges such as competition from other data providers and regulatory hurdles. Despite these obstacles, Messari's strong foundation and strategic vision suggest a bright future ahead.
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