Messari wins Steve Cohen’s heart after raising $21 million from investors

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Messari, a blockchain research, and analytics platform has secured $21 million in investors’ Series A investment round. Steven Cohen’s Point72 Ventures spearheaded the fundraiser, marking the first time the billionaire has formally entered the Bitcoin (BTC) and digital currency ecosystem.

Messari has captured the hearts of the greatest names in the crypto sector, including Blockchain.com’s Blockchain Ventures, New York-based Gemini’s Gemini Frontier Fund, Wyoming-based Kraken’s Kraken Ventures, and Antigua-based FTX’s sibling firm, Alameda Capital, according to a report by Forbes. Messari’s existing supporters, including Coinbase, also participated in the fundraising round, in addition to these new investors.

In today’s digital currency environment, there is a strong preference for growing businesses. In the blockchain industry, this affinity has sparked capital accumulation to fuel businesses with a distinctive business strategy and the proper target market. Unfortunately, while there is frequently a desire to support a great business, the SEC’s scrutiny bordering on the need to increase openness among startups has essentially held many companies hostage. Messari founder and CEO Ryan Selkis claim that the business has a workaround in the auditing and analytical rules by being a part of the Big Four and JPMorgan.

Many entrepreneurs and builders in the business, according to Selkis, 37, default to being honest and helpful. Also, they should attempt to be as helpful and communicative with their communities as possible. The issue arises when you’re a core developer, or someone involved early in a project, and you’re giving sensitive information that appears to be financial. Then the SEC shows up at your door. It has the potential to cause a lot of pain.

Messari’s success and ability to attract investors like Steven Cohen is based on the company’s due diligence in establishing openness, as mandated by the SEC. Apart from Messari, the crypto industry has seen a slew of capital raises recently, with NFT Marketplace and MakersPlace, among others, succeeded in raising investors’ funds.

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