At the recent Mainnet 2022 Summit, crypto intelligence service provider Messari announced that it had secured $35 million in its Series B funding round.
Series B Led By BH Digital
The funding round was primarily led by investment firm Brevan Howard Digital. Other investors who participated in the round include Morgan Creek Digital, Samsung Next, FTX Ventures, Point72 Ventures, Kraken Ventures, Uncork Capital, Underscore VC, Galaxy, and Coinbase Ventures. In August, the company had revealed that it was planning to raise $35 million of funds at a valuation of $300 million.
Messari Co-founder & CEO, Ryan Selkis, commented on the funding,
“We’re excited to welcome a remarkable group of investors as partners in our next phase of growth. We are committed to providing investors, crypto enterprises, and token communities with the tools they need to participate in the crypto economy. This new funding will help us grow our team, expand internationally, and invest in new data offerings and tools that complete our market-leading product suite.”
The company had previously raked in $21 million in its Series A funding round, Point72 Ventures. The news of the funding was announced by the crypto company at its Mainnet conference, which an immersive agenda-setting annual summit hosted by Messari.
Product Launch Announced
Along with unveiling the news of its Series B funding round, Messari also announced the launch of its two new products, Protocol Metrics and Data Apps. The company, which is one of the leading provider of crypto market intelligence products, is focusing on its data, research, and analytics side of operations with this new product launch. The funds raised in the Series B round will be used to expand the growing team. They will also be chaneled into developing the current Messari offerings, including the two newly-launched products.
Talking about the two new products, Messari’s Director of Product, Florent Moulin said,
“With the launch of Protocol Metrics and Data Apps, we’re ushering in an era where Messari is as equally strong of a data provider as it is a research and analytics provider. We look forward to seeing the type of Web3 talent this new era attracts.”
The two new products will enhance Messari’s already existing variety of customer offerings. The Protocol Metrics feature will give users the access to transparent data standardization so that they can compare assets across different networks. In addition to being able to analyze the health, growth, and usage of a protocol, the users will also be able to leverage the data application marketplace, Data Apps to check out customized data sets.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: Crypto Daily