Data Provider Messari Closes $4 Million Funding Round

Messari's funding round was led by Uncork Capital and joined by Coinbase Ventures and Balaji Srinivasan, among others.

AccessTimeIconNov 13, 2019 at 5:03 p.m. UTC
Updated Sep 13, 2021 at 11:42 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Data provider Messari has closed a $4 million funding round led by Uncork Capital with new participation from Coinbase Ventures and former Coinbase CTO Balaji Srinivasan, according to a statement from the New York-based firm. As part of the deal, Uncork's founder Jeff Clavier was named to Messari's board of directors.

Uncork joins existing Messari investors including Blockchain Capital, CoinFund, Danhua Capital, Fabric Ventures, Semantic Ventures and Underscore VC, among others.

In a statement, Messari co-founder and CEO Ryan Selkis described "one of the industry’s toughest problems" as being the "coordination challenges of self-regulating an emerging asset class and providing accurate, timely data to investors with diverse compliance requirements."

In a Telegram conversation with CoinDesk, Selkis described Messari's relationship with Uncork:

"Clavier is a straight shooter that hasn’t bought the crypto hype, but likes picks and shovels businesses building infrastructure in the space."

The additional funding will help Messari automate on-boarding data and registry participants along with offering new products for subscribers in its self-described effort to sift out "bad actors" from the crypto space. Messari's funding round began last May, closing six months later. The "broader macro challenges in the industry this year" slowed securing funding quickly, Selkis said.

Founded in 2018, Messari offers investment products such as a Bloomberg Terminal–styled registry and data analytics via its Messari Pro interface, an API service. The firm says it has some 60 projects and several exchanges utilizing its data.

Disclosure: The author of this post is a former Messari employee.

Ryan Selkis image via CoinDesk archives

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, 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.