Crypto Intelligence Platform Messari Plans to Raise $35M at $300M Valuation: Report
The company nabbed $21 million last year in a round led by Steve Cohen's Point72 Ventures.
Aug 9, 2022 at 1:11 p.m. UTCUpdated May 11, 2023 at 6:48 p.m. UTC
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New York City-based crypto intelligence platform Messari plans to raise $35 million in financing at a $300 million valuation, according to a report by The Block, citing people familiar with the matter.
- Messari raised $21 million in an August 2021 round led by hedge fund billionaire Steve Cohen’s Point72 Ventures. The round was raised at a post-money valuation of $100 million, according to a report.
- Messari founder and CEO Ryan Selkis took to Twitter early Tuesday to comment on "market rumors" regarding the firm.
- “We’ve scaled to 130 people on zero net-operating burn, had a record July, and are hiring $35 million worth of developers to help bring transparency and an institutional-grade data tool to the crypto market,” Selkis said.
- Last week, the firm acquired crypto fundraising data provider Dove Metrics for an undisclosed amount.
- Messari had not responded to CoinDesk's request for comment at press time.
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UPDATE (Aug 9, 13:23 UTC): Adds additional information in the first bullet.
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Brandy covered crypto-related venture capital deals for CoinDesk.