Data analytics platform Messari announced the closing of a $21 million Series A funding round led by hedge fund billionaire Steven Cohen’s Point72 Ventures.
The round included support from existing investors
Messari is one of the leading companies providing data insights into the crypto market. The company raised $21 million in the capital raise at a post-money valuation of nearly $100 million. Ryan Selkis , Messari’s CEO, plans to quickly deploy the fresh capital and pursue an ambitious goal of hiring more than 1,000 analysts.
The round includes support from existing investors such as Coinbase Ventures, Uncork Capital and Underscore VC, as well as new strategic investors such as Alameda Capital, CMS Holdings, and Gemini Frontier Fund Winklevoss Capital.
A very important moment for Point72 Ventures
For Point71 Ventures, this transaction was a defining moment. Following their journey into the sector, this was the first round Point72 Ventures has led in the crypto space. It was already clear that CEO Steven Cohen was experimenting with cryptocurrencies, and he stated in a podcast that he was “fully converted on crypto, but that doesn’t “care about bitcoin,” specifically.”
Adam Carson , an operating partner at Point72 Ventures, also joined Messari’s board as part of the deal. Messari’s CEO stated that he sees Point72 Ventures as an ideal partner to attract new legacy financial institutions to Messari’s products. Carson joins the board along with Jeff Clavier, a former Thomson Reuters executive who participated in Messari’s 2019 seed round.