Crypto data and analytics company Messari has raised a $35 million Series B funding round led by Brevan Howard Digital.
Other new investors include FTX Ventures, Morgan Creek Digital and Samsung Next, among others. Existing investors like Point72 Ventures — which led Messari's $21 million Series A in August 2021 — also took part, according to a statement.
The Block previously reported that Messari was raising a funding round at a $300 million valuation. At the time, a source told The Block that the projected raise amount was $35 million.
The new funds will be used to fund product development and to expand its team, according to Messari.
"We're excited to welcome a remarkable group of investors as partners in our next phase of growth," Messari co-founder and CEO Ryan Selkis said in a statement.
© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.