Crypto analytics firm Messari raises $35 million in latest Series B round

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Crypto analytics firm Messari raises $35 million in latest Series B round Crypto analytics firm Messari raises $35 million in latest Series B round Christian Nwobodo · 8 mins ago · 1 min read

Messari will invest the fund into growing its team and invest in new data offerings and tools.

1 min read

Updated: September 21, 2022 at 7:17 pm

Crypto analytics firm Messari raises $35 million in latest Series B round

Cover art/illustration via CryptoSlate

Xeggex

Crypto research and analytics firm Messari has raised $35 million from a new Series B round to grow its data offerings and tools.

Messari co-founder Ryan Selkis announced the new funding during the ongoing  Mainnet 2022 Summit. The fund will be invested in growing its team and developing its newly-launched products.

Messari recently launched two new products, Protocol Metric and Data apps. Protocol Metric was built to enable users to analyze the health, growth, and usage of a protocol, as well as compare assets across networks.

To improve its data offerings, Messari launched Data Apps, as a data application marketplace where users can explore customized data sets.

Messari Director of Product Florent Moulin said that the addition of Protocol Metrics and Data Apps  will make the firm  “equally strong of a data provider as it is a research and analytics provider.”

Moulin added:

“We’ve built our products with our customers in mind, and we’ve witnessed a large demand for real-time protocol financial reporting, so we’re proud to introduce these unique offerings that completely change the experience for users.”

Brevan Howard Digital led the Series B funding alongside new investors including Morgan Creek Digital, FTX Ventures, and Samsung Next. Existing investors who supported the round include Point72 Ventures, Kraken Ventures, Uncork Capital, Underscore VC, Galaxy, and Coinbase Ventures.

With the latest round bringing in $35 million, Messari’s current valuation sits at $300 million.

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