Chainalysis Raises $100 Million to Reach $4.2 Billion Valuation

  • The $100 million financing round bring Chainalysis’ total valuation to $4.2 billion.
  • The company will use the investment to expand its offering and make new hires.
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In an blog post published on 24 June, Chainalysis announced that it secured a $100 million Series E financing led by Coatue. The financing round saw participation from Altimeter, Blackstone, GIC, Pictet, Sequoia Heritage, and SVB Capital. Previous investors Benchmark, Accel, Addition, Dragoneer, Durable Capital Partners, and 9Yards Capital all increased their investment in the company.

“Chainalysis’s data platform is core infrastructure which helps to create a safe and thriving cryptocurrency market,” said Kris Fredrickson, Managing Partner at Coatue. “As cryptocurrency adoption grows, we believe that financial institutions, government agencies, and cryptocurrency businesses will increasingly deploy Chainalysis’s platform to make important decisions – from figuring out the best way to dismantle the operations of a threat actor to deciding which new cryptocurrency products are likely to drive the most demand.”

The company’s Series E financing follows a $100 million Series D round in March, bringing the total amount raised so far to $365 million. Since then, the company has onboarded a new Chief Product Officer, General Counsel, and Director of Cyber Intelligence. Hundreds of new positions have also been opened at the company to fuel its global expansion.

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