April 17, 2021

Messari analytic startup raised $ 4 million from Coinbase and Blockchain Capital

Crypto-industry-specific startup Messari has completed a funding round led by Uncork Capital in which was also attended by Blockchain Capital, CoinFund, Danhua Capital, Fenbushi Capital, Coinbase Ventures, and former Coinbase technical director Balaji Srinivasan.

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Former Managing Director CoinDesk and CEOMessari Ryan Selkis noted that now more than 60 cryptocurrency projects, as well as “the world's largest exchanges, funds and information service providers” use his company’s services. According to him, the funds raised will be used to automate the processes of receiving and processing data, as well as to expand the product line.

Founded a year ago, the company previously raised $ 1 million in seed investment from Danhua Capital, Blockchain Capital, Anthemis Group and other venture capital firms.

In the third quarter, Messari introduced a service formonitoring assets for regulatory compliance, which also evaluates the volume of market supply of coins. In addition, the company launched a beta version of the Messari Pro platform, which includes a set of professional tools for market analysis.

Recall, earlier, the analytical company Messari published a study according to which traditional money is used to launder 800 times more often than bitcoin.