Messari Acquires Dove Metrics for an Undisclosed Amount

Crypto intelligence firm Messari has purchased Dove Metrics, a crypto-fundraising data provider for an undisclosed amount. 

The deal involved acquiring the assets and businesses of Dove Metrics to expand its product offerings. Hence, the official website of the crypto-funding data provider is no longer active but rather serves as a redirecting link to the Messari site. 

Dove Metrics of Blackrose Capital was a leading provider of fundraising data and intelligence for the crypto fundraising landscape. The company was founded by Regan Bozman, general partner, and co-founder at Lattice Capital, and Pierre Chuzeville, an investment professional at Lattice Capital. 

The Dove database monitors and tracks cryptocurrency funding rounds and the investments made by venture capital firms, hedge funds, and investments from decentralized autonomous organizations (DAOs). Interestingly, Dove Metrics is tagged as the Web3.0 version of Crunchbase.

Analyzing Dove Metrics operations, the database offers insight into over 3000 funding rounds, covers over 300 fundraising rounds by funds themselves, and 200 crypto merger and acquisition transactions. The total number of hedge funds, venture capital firms, angel investors, corporate funds, and investment DAOs under its supervision are about 8000.

As part of its integration process, Messari integrated the Dove Metrics dashboard into its clients’ platform but there might be further development of the dashboard in the future. According to Eric Turner, Vice President of Market Intelligence at Messari, 

“The acquisition of Dove Metrics will enable us 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.”

Prior Acquisition Deals Before Messari’s

Before Messari’s acquisition of Dove Metrics, many other acquisitions and mergers have taken place in the crypto space including the recent Bit2Me acquisition of the Peruvian crypto exchange, Fluyez. 

The Spanish cryptocurrency exchange acquired a large stake of up to 85% of Fluyez, in line with its plans to scale its operations following the $239 million it raised last year September. Unlike the case of Dove Metrics, Fluyez still gets to keep its identity and the CEO Luis Eduardo Berrospi will continue to lead the operations.

At the beginning of the year, Fireblocks, a blockchain Infrastructure unicorn also secured a partnership with Fidelity National Information Services Inc to bring the cryptocurrency industry closer to investors in the capital market industry.