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. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/D6T45VO7DFC57C2OBZWW7AFX34.jpg)
Messari CEO Ryan Selkis during a CoinDesk TV appearance. (CoinDesk)
Brandy covers crypto-related venture capital deals for CoinDesk.
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.
UPDATE (Aug 9, 13:23 UTC): Adds additional information in the first bullet.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
:format(webp)/www.coindesk.com/resizer/hUv1U9cMP77z__1hmpusCl6kqtA=/arc-photo-coindesk/arc2-prod/public/5WF4AJAWOJA7FDQBEIWAKGTGYA.jpg)
Brandy covers crypto-related venture capital deals for CoinDesk.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.
Brandy covers crypto-related venture capital deals for CoinDesk.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/EGK4EW66V5ESLGWEYAQDFGPKZA.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/CYCX7LWKRBGI5DCLKHHYJIL52E.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/7LDC7D5IS5DBPL4N6UTVLA4SXM.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/PJTR3KRDWJCRVE3QREM6KUOK7A.png)