US-headquartered cryptocurrency data provider Messari has completed a $21m series A round featuring quantitative trading firm Alameda Research and Coinbase Ventures, the strategic investment arm of digital currency exchange Coinbase.
Venture capital firm Point72 Ventures led the round, which included Blockchain Ventures, Galaxy Digital, Gemini Frontier Fund, Kraken Ventures, CMS Holdings, Nascent, Underscore VC and angel investor Diogo Monica.
Messari runs an online platform which provides detailed data on a range of digital currencies and markets. The cash will support a growth drive which will involve its tripling the size of its engineering and product teams.
Anthemis Group, Blockchain Capital, CoinFund, Digital Asset Investment Company, Danhua Capital, Kindred Ventures, Rising Tide, Semantic Ventures, SparkLabs Global and Underscore Venture Capital supplied an undisclosed amount of seed funding for Messari in 2018.
Uncork Capital then led a $4m round for the company in November 2019 that included Coinbase Ventures and existing backers Blockchain Capital, CoinFund, Danhua Capital, Fabric Ventures, Semantic Ventures and Underscore VC as well as angel investor Balaji Srinivasan.
