New York City-based crypto intelligence platform Messari is planning to raise $35 million dollars at a $300 million dollar valuation after the recent acquisition of Dove Metrics.
Messari raised $21 million in seed round back in August 2021. The round led by hedge fund billionaire Steve Cohen’s Point72 Ventures. The round was raised at a post-money valuation of $100 million, according to a report.
Messari founder and CEO Ryan Selkis stated: “We’ve scaled to 130 people on zero net-operating burn, had a record July, and are hiring $35 million worth of developers to help bring transparency and an institutional-grade data tool to the crypto market”.
Last week, the firm acquired crypto fundraising data provider Dove Metrics for an undisclosed amount. RE3W and GFPs covered this in a previous news post.
Dove Metrics tracks crypto-funding rounds and the investments of venture capital firms, hedge funds, and investment decentralized autonomous organizations (DAOs). The company was founded by Regan Bozman and Pierre Chuzeville, who also led the early-stage crypto VC fund Lattice.
Ryan Selkis said the acquisition of Dove Metrics will hopefully “enable Messari to offer new datasets and tools that further allow our users to stay on top of industry trends and monitor, in real-time, the top projects and technologies that investors are backing”.