Chainalysis valuation reaches $4.2bn after new funding round

June 25, 2021

Chainalysis raised

Analyst firm Chainalysis raised $100m in a Series E funding round, bringing its market valuation to $4.2bn.

Chainalysis valuation reaches $4.2bn after new funding round

We are thrilled to announce a $100 million Series E financing led by Coatue, bringing our valuation to $4.2 billion

According to a blog post, existing investors Benchmark, Accel, Addition, Dragoneer, Durable Capital Partners and 9Yards Capital have increased their stakes in the firm. Altimeter, Blackstone, GIC, Pictet, Sequoia Heritage and SVB Capital also participated in the round.

Chainalysis will use the funding raised to enhance its existing blockchain information gathering, investigative, compliance and market analytics and enterprise data management tools.

"We believe that blockchain data is a resource that helps public and private sector organisations understand the risks and opportunities associated with the new asset class and facilitates its safe and successful implementation," the statement said. 

The company also announced an expansion of the team. The new hires include cyber intelligence director Rob Brown, who has a 20-year career with the FBI.

The firm announced the hiring of "hundreds" of specialists in various fields and continued global expansion.

It will be recalled that the previous $100m Series D funding round saw Chainalysis' market valuation exceed $2bn.

The company joined the symbolic club of industry "unicorns" (startups worth at least $1 billion) in November 2020.

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Hi there, my name is Zalman Weinberg. I'm enthusiast with over 7 years of experience in cryptocurrencies and blockchain. Professional Trader providing Blockchain solutions to Startups and Enterprises. Expert in all cryptocurrency exchange APIs (BitMEX, Bittrex, Binance, Bitfinex, Kraken, Poloniex, Gdax etc.). I have also worked with multiple Forex broker APIs.

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