cryptocurrency messari 21m series point72 ventures

Cryptocurrency market intelligence firm Messari has raised $21 million in a Series A funding round led by the Point72 Ventures.

In a press statement, Messari noted that the funds will be channeled towards expanding its services on a global scale for its Pro and Enterprise product suites.

Furthermore, the investment will enable Messari to triple the size of its engineering and research teams. Messari also seeks to launch new products to increase more participation in decentralized projects.

Other participants in the funding round include existing investors like Coinbase Ventures, Uncork Capital, and Underscore VC.

The round also attracted strategic investors including Alameda Capital, Blockchain Ventures, CMS Holdings, Gemini Frontier Fund, Winklevoss Capital, Kraken Ventures, and Nascent.


This affinity has stirred the accumulation of funds to power firms with a unique business model and the right target market in the blockchain world. While there is often a willingness to fund a promising project, the SEC oversight border on the need to stir transparency amongst startups has largely held many firms bound.
However, Messari founder and CEO Ryan Selkis say the firm has a workaround by being a part of the Big Four and JPMorgan in auditing and analysis provisions.

“The defaults that many entrepreneurs and builders in the industry have is to be transparent and cooperative,” says Selkis, 37. “And try to be as helpful and communicative as possible with their communities. The problem is if you’re a core developer or someone that was early in a project, and you’re sharing certain sensitive information that even looks like it might be financial in nature.


Point72 Ventures, the venture arm of the hedge fund with $22.1 billion under management, is making one of its biggest steps into the crypto market, investing in crypto data startup Messari’s Series A funding round.

Led by DCG and CoinDesk alum Ryan Selkis, Messari operates in the crowded market for crypto data and research. As part of the raise, the firm has raised $21 million at a post-money valuation close to $100 million, according to a source familiar with the deal.

Other investors include Alameda Capital, Nascent and CMS Holdings.

As for Point72, the deal marks a significant moment for the firm, which has made headlines in recent months for its journey into crypto.
As The Block first reported in May, Point72 has been plotting its entrance into the crypto market for some time, exploring opportunities across its venture fund and hedge fund.


Point72 Ventures, the venture arm of the hedge fund with $22.1 billion under management, is making one of its biggest steps into the crypto market, investing in crypto data startup Messari’s Series A funding round.

Led by DCG and CoinDesk alum Ryan Selkis, Messari operates in the crowded market for crypto data and research. As part of the raise, the firm has raised $21 million at a post-money valuation close to $100 million, according to a source familiar with the deal.

Other investors include Alameda Capital, Nascent and CMS Holdings.

As for Point72, the deal marks a significant moment for the firm, which has made headlines in recent months for its journey into crypto.
As The Block first reported in May, Point72 has been plotting its entrance into the crypto market for some time, exploring opportunities across its venture fund and hedge fund.

The funding round also garnered support from existing investors Coinbase Ventures, Uncork Capital, and Underscore VC, as well as new strategic investors 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.

Messari will use the fund to expand the global reach of its Pro and Enterprise product suites, triple the size of its engineering and research teams, and introduce new offerings.These initiatives is likely to help it compete with a slew of other crypto market intelligence firms, such as Coin Metrics and Glassnode.

Founded in 2018, Messari is led by former Digital Currency Group and CoinDesk executive Ryan Selkis.

Angel investors Thomson Reuters CEO Tom Glocer and Anchorage Co-Founder and President, Diogo Monica also took part.

“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,” said Ryan Selkis, Messari’s co-founder & CEO.

Banking on institutions

Additionally, Messari also plans to lure institutions into the crypto space by offering additional products.

Prominent angel investors include former Thomson Reuters CEO Tom Glocer and Anchorage Co-Founder and President, Diogo Monica.

The three-year-old company is helmed by Crypto Entrepreneur and CEO Ryan Selkis. Prior to launching Messari, Selkis was on the founding team of Digital Currency Group where he managed the firm’s seed investing activity, and CoinDesk, where he led the company’s restructuring and annual Consensus conferences.

Selkis’s vision for Messari’s hiring and offering expansion will formalize with the added backing.

“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,” said Ryan Selkis, Messari’s co-founder & CEO.

Pro and Enterprise product suites,

  • triple the size of its engineering and research teams,
  • introduce new offerings that streamline participation in decentralized projects and their communities,
  • grow its institutional footprint and its community research and educational content, including the production of Mainnet 2021, Messari’s annual summit, which the company will host September 20-22 in New York City.
  • Led by CEO Ryan Selkis, Messari is building a cryptoasset industry’s disclosures library and data analytics platform which enables investment professionals to evaluate new opportunities in the emerging asset class.

    Prior to launching Messari, Selkis was on the founding team of Digital Currency Group where he managed the firm’s seed investing activity, and CoinDesk, where he led the company’s restructuring and annual Consensus conferences.

    In a podcast, CEO Steven Cohen divulged a bit more of his thinking on the market, saying that he’s been “fully converted’ on crypto, but that doesn’t “care about bitcoin,” specifically.”

    “The way those markets are developing could be a real interesting adjacency from what we are doing at Point72,” he said. “I’m not missing this.”

    The YouTube video in which Cohen made these comments has since been removed.

    As for the logic behind investing in Messari, Adam Carson, an operating partner at Point72 Ventures, said that Messari offers “crypto research and analysis tools” that “more advanced investors need.”

    Carson is joining Messari’s board along with Jeff Clavier, a former Thomson Reuters exec who participated in Messari’s seed round in 2019.

    Selkis plans to put the fresh capital to work quickly with the ambitious goal of bringing on more than 1,000 analysts.

    In a podcast, CEO Steven Cohen divulged a bit more of his thinking on the market, saying that he’s been “fully converted’ on crypto, but that doesn’t “care about bitcoin,” specifically.”

    “The way those markets are developing could be a real interesting adjacency from what we are doing at Point72,” he said. “I’m not missing this.”

    The YouTube video in which Cohen made these comments has since been removed.

    As for the logic behind investing in Messari, Adam Carson, an operating partner at Point72 Ventures, said that Messari offers “crypto research and analysis tools” that “more advanced investors need.”

    Carson is joining Messari’s board along with Jeff Clavier, a former Thomson Reuters exec who participated in Messari’s seed round in 2019.

    Selkis plans to put the fresh capital to work quickly with the ambitious goal of bringing on more than 1,000 analysts.

    Similar Posts:

    Leave a comment