BREAKING: Crypto analytics platform Messari plots raise at $300 million valuation
The fundraising effort comes roughly a year after Messari banked $21 million in a round led by Steve Cohen’s Point72 Ventures.
The raise would be the latest in a string of noteworthy investments in crypto focused data analytics startups.The startup is in the process of raising capital at a valuation of $300 million and has pitched potential investors, according to two people familiar with the matter. One of those sources said the company is looking to raise $35 million.
That would be significantly more than what Messari banked from investors in August last year, when Steve Cohen’s Point72 Ventures — the venture arm of a hedge fund that manages $24 billion in assets — ledMessari’s founder and CEO Ryan Selkis declined to comment on the raise, but said via Twitter message: “We’re continuing to build crypto’s largest subscription information business, and are focused on getting ready to release a slate of new products at Mainnet [a conference organized by Messari]...
He added that the startup does not need money and has “never spent a dime of investor capital while scaling to 130 people.”of Dove Metrics, which tracks fundraising and M&A activity in the crypto sector. The terms of that deal were not disclosed.Messari is a part of a small cadre of increasingly well-capitalized startups whose mission is to arm institutions dabbling in crypto with the analytics tools and research needed to navigate the space.
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