The blockchain research and analysis platform Messari has raised a total of US $ 21 million from investors in a Series A funding round. The capital increase was led by Steven Cohen’s Point72 Ventures and marks the first time the billionaire has officially signed into Bitcoin (BTC) and the digital currency ecosystem.
According to a report by Forbes, Messari won the hearts of the biggest names in the crypto ecosystem, including Blockchain Ventures from Blockchain.com, Gemini Frontier Fund from New York, Kraken Ventures from Wyoming, and FTX’s sister company from Antigua, Alameda capital. In addition to these new investors, Messari’s old financiers, including Coin base, also took part in the financing round.
There is a great affinity with growth startups in the digital currency world today. This affinity has stimulated the accumulation of funds to support companies with a unique business model and the right target market in the blockchain world. While there is often a willingness to fund a promising project, the SEC’s regulatory limit on the need to create transparency in startups has largely bound many companies. However, Messari founder and CEO Ryan Selkis says the company has a workaround by being part of the Big Four and JPMorgan on auditing and analytics regulations.
“Many entrepreneurs and builders in the industry have the requirement to be transparent and cooperative,” says Selkis, 37. “And try to be as helpful and communicative as possible with their communities. The problem is when you’re a core developer or someone who was at the beginning of a project and you share certain sensitive information that even looks like it could be financial in nature. Then the SEC knocks on your door. It can cause a tremendous amount of headache. ”
Messari’s track record and its ability to attract investors like Steven Cohen focuses on the company’s SEC required due diligence on building transparency. In addition to Messari, the crypto ecosystem has seen several fundraising campaigns recently, including NFT Marketplace and MakersPlace, which have managed to pull capital away from investors.
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