Analytical company Messari closed the Series B funding round for $35 million. It was led by Brevan Howard Digital, the digital division of billionaire Alan Howard.
Participants in the investment round also included FTX Ventures, Morgan Creek Digital, Samsung Next, and existing investors such as Point72 Ventures, Kraken Ventures, Uncork Capital, Underscore VC, Galaxy, and Coinbase Ventures.
The capital will be used to fund product development and to grow the team.
“We are pleased to welcome a superb group of investors as partners at the next stage of growth,” said founder and CEO Ryan Selkis.
Earlier, The Block’s sources reported that Messari’s valuation after this funding round could rise to $300 million. Selkis said that the company did not need money and had never spent a cent of investors’ capital in scaling to 130 people.
Earlier, in the autumn of 2019, the company raised $4 million from Uncork Capital, Blockchain Capital, CoinFund, Coinbase Ventures and others.
In August 2021, Messari closed a Series A funding round of $21 million. The startup was supported by billionaire Steve Cohen via Point72 Ventures, Alameda Capital, Galaxy Digital, crypto funds CMS Holdings, Nascent, Underscore VC and early investors.
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