Crypto Data And Metrics Provider Messari Raises $4M In Funding And Adds New Board Member
Crypto data analysis firm, Messari Crypto, announced they had raised $4 million USD in a capital funding round led by Uncork Capital and joined by top crypto industry firms such as Coinbase Ventures, Blockchain Capital, CoinFund, Danhua Capital, Fenbushi Capital, and individual investor, Balaji Srinivasan. The valuation of the company remains undisclosed.
Messari Raises $4 Million USD in Capital Funding Round
In an official statement by the crypto metrics and news firm, Messari closed a $4 million dollar funding round that will “accelerate the expansion of the company’s Transparency Registry, and evolve Messari Pro research and data analytics beyond beta.” In a highly participated funding round, Uncork Capital will have their CEO and founder, Jeff Clavier join the board at Messari.
Jeff was optimistic at the investment solving a key problem in the company’s operational space adding key capital and infrastructure that currently is lacking in the industry. Speaking on the investment in Messari, Jeff said,
“If crypto is going to become a mainstream asset class, it needs quality data that is open and transparent. The Messari team are pioneers in the industry, and have built a strong picks and shovels business in an otherwise volatile and unpredictable market.”
Other existing investors who did not participate in this round of funding include Anthemis, Semantic Ventures, Fabric Ventures, Underscore VC, and DHVC.
Thrilled to share our first investment in the crypto space: @MessariCrypto. The industry needs a reliable, trusted source of data and that's the piece of infrastructure @twobitidiot and his team are building #uncorkcapital https://t.co/hYG0jOPMqS
— Jeff Clavier (@jeff) November 13, 2019
The company raised $1 million in a seed funding round in May last year and has witnessed exponential growth in the projects supported. In August the company added eleven new projects to its disclosures registry including Cardano (ADA), Lisk (LSK) and Beam (BEAM).