Messari CEO Ryan Selkis Hints at Plan to Raise $35m in Fresh Financing

Messari, the crypto-centric market intelligence platform, recently released a report giving an overview of fundraising totals so far in the year, as the company’s CEO Ryan Selkis hinted at a plan to raise $35m in financing at a $300m evaluation. 

Selkis tweeted saying, “I don’t comment on market rumors related to Messari, but, we’ve scaled to 130 people on zero net operating burn, had a record July, and are hiring $35m worth of developers to help bring transparency and institutional-grade data tool to the crypto market.”

Last year, the company grew from a team of 35 to a team of 75, as Selkis aimed to “triple in size particularly the product engineering side and expanding the analyst hub to include 1,000 contract analysts.”

CeFi: The King of Capital

Claiming to bring transparency to the crypto-economy, New York-based Messari said that centralized finance (CeFi) had been the king of capital so far, reigning in $10.3B in the first six months of the year, with almost half of all funding rounds totalling more than $10M. 

Furthermore, according to Messari’s report, decentralized finance (DeFi) ended the first half of the year on a strong note by raising $624m in the month of June, more than two times as much as any month in the past six months.

Messari Acquires Dove Metrics

The company revealed that it has recently acquired Dove Metrics, crypto’s leading fundraising database that tracks crypto-funding rounds and the investments of venture capital firms, hedge funds, and investment decentralized autonomous organizations. 

In its report, Messari stated that Dove has more than 3,200 funding rounds and 8,000 investors tracked. “It is led by Regan Bozman and Pierre Chuzeville, who also run Lattice, an early-stage crypto venture capital fund,” the report said. 

On the Flipside

  • The company has not made its intention to raise fresh funding public yet. 
  • This would be one of the biggest rounds of funding for Messari. 

Why You Should Care

Last year, billionaire Steve Cohen’s investment firm, Point72 Ventures, was one of the main backers of Messari as it helped the company raise $21m. The company said that the fund was “to triple its engineering and research headcount, expand its market intelligence platform and launch new token governance tools.”

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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Author

Akriti is a Zurich-based reporter, focused on the political, regulatory, and legislative developments around crypto. She is a business journalist with over six years of experience working as a correspondent for organizations like Channel NewsAsia and Bloomberg TV India. In that time, Akriti has covered news in the finance, pharma, and state sectors.