Crypto research firm Messari raises $4M backed by Coinbase Ventures, Blockchain Capital, Uncork Capital, and others

Layer 1s • November 13, 2019, 11:59AM EST
UPDATED: November 13, 2019, 9:51AM EST
Shutterstock

Cryptocurrency research startup Messari announced today it has closed a $4 million funding round, led by Uncork Capital with participation from Blockchain Capital, CoinFund, Danhua Capital, Fenbushi Capital, Coinbase Ventures, and former Coinbase CTO Balaji Srinivasan. 

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

The firm, founded a year ago, raised a $1 million seed round in May 2018 from Danhua Capital, Blockchain Capital, Anthemis Group, and others, with many returning for the latest round.

According to Messari CEO and former CoinDesk managing director Ryan Selkis, more than 60 token projects and several of "the world's largest exchanges, funds, and information service providers" are using Messari's data services. Selkis said the newly raised fund will be used to ramp up its data ingestion processes and expand its product offering. The firm also recently launched market intelligence services to monitor cryptocurrency circulation, per a company statement. 

About Author

Celia joined The Block as a reporter after earning her BA in the History of Science from the University of Chicago. Having spent years pondering over why 2+2 cannot equal 5, she is interested in the history and philosophy of mathematics, computation, and cryptography. She also had a very brief stint at Crunchbase News.