Copy link
Increase text size
Decrease text size
Link copied

Crypto data provider Messari raises $4M from Uncork Capital, Coinbase Ventures and others

Thu, 14 Nov 2019, 05:19 am UTC

Crypto data provider Messari has raised $4 million in the latest funding round led by Uncork Capital. As part of the investment, Uncork’s founder Jeff Clavier will join Messari’s board of directors.

The round drew support from existing investors Anthemis Group, Blockchain Capital, CoinFund, Danhua Capital, Fabric Ventures, Fenbushi Capital, Semantic Ventures, and Underscore VC, as well as new investors including Coinbase Ventures and Balaji Srinivasan, former a16z partner & Coinbase CTO.

Founded in 2018, New York-based Messari aims to bring data transparency to the emerging token ecosystem by building an open data library for blockchain projects and cryptoassets. It offers investment products including registry and data analytics via its Messari Pro interface, an API service, CoinDesk reported.

The company says that around 60 projects and a number of exchanges are utilizing its data.

Messari co-founder and CEO Ryan Selkis told CoinDesk that “one of the industry’s toughest problems” is the “coordination challenges of self-regulating an emerging asset class and providing accurate, timely data to investors with diverse compliance requirements.”

In its official announcement, Messari said that it will use the fresh funding to accelerate the expansion of Transparency Registry, and evolve Messari Pro research and data analytics beyond beta.

“This funding round will help us invest in the tooling necessary to further automate our data ingestion processes and redistribution capabilities for Registry clients, as well as broaden our analytical product offering for crypto professionals,” the statement read.

Messari further said that it has launched a wide range of compliance tools and an enterprise API aimed at serving the global market of funds, exchanges, and brokers investing in crypto assets. This includes an asset monitoring service for compliance teams, a more accurate, proprietary “circulating supply” data feed for index managers, and the Messari Pro beta, a suite of market intelligence tools for professional investors.

“Ryan and the team at Messari are building critically needed infrastructure that is currently lacking in the crypto ecosystem. If crypto is going to become a mainstream asset class, it needs quality data that is open and transparent. The Messari team are pioneers in the industry, and have built a strong picks and shovels business in an otherwise volatile and unpredictable market,” said Clavier.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $11,484.00 (+2.83%)
  • Ethereum (ETH) $396.79 (+2.36%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $295.02 (+2.34%)
  • Bitcoin SV (BSV) $232.21 (+2.99%)
  • Bitcoin (BTC) $11,484.00 (+2.83%)
Feb 21, 2020 (Friday)
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
Brazil to launch new payment system in response to cryptocurrencies
Digital currency exchange Coinbase Pro lists Kyber Network token
Norwegian Air to soon start accepting crypto payments
Swedish central bank begins CBDC pilot with Accenture
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.