Blockchain Analytics Firm Raises US$100 Million at a US$4.2 Billion Valuation

Blockchain Analytics Firm Raises US$100 Million at a US$4.2 Billion Valuation

by June 25, 2021
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Chainalysis, a New York-based blockchain data platform, announced it secured a US$100 million Series E financing led by Coatue, bringing its valuation to US$4.2 billion.

Previous investors Benchmark, Accel, Addition, Dragoneer, Durable Capital Partners, and 9Yards Capital increased their investment in the company, and Altimeter, Blackstone, GIC, Pictet, Sequoia Heritage, and SVB Capital also participated.

This capital will be used to deepen its data advantage by covering more cryptocurrencies and focusing on emerging use cases like DeFi, and launching a global intelligence function to more quickly identify warning signs for potential threats and reduce time to response.

The firm will also develop collaboration tools in its suite of software solutions so that public and private sector teams can work together from the same data set with a consistent, shared understanding.



Chainalysis also said that it is hiring hundreds of new positions across all functions to continue its global expansion.

The company’s Series E financing follows its $100 million Series D round in March 2021, bringing the total amount raised to $365 million.

Since then, the company has added industry veterans to its leadership team including Chief Product Officer Pratima Arora, who joins from Atlassian where she was Head of Confluence product line; General Counsel Sarah Ward, who was previously General Counsel for SiSense; and Director of Cyber Intelligence Rob Bone, who joins after a 20 year career in the FBI.

Michael Gronager, Co-Founder and CEO, Chainalysis

Michael Gronager

“The future of finance and national security will be based on blockchain data-driven decisions. We’ve harnessed the transparency of blockchains to provide actionable insights into markets, threats, and business opportunities.

 

Our partners at Coatue understand the power of our vision for the Chainalysis data platform and the software, access, and services it powers.”

said Michael Gronager, Co-Founder and CEO, Chainalysis.

 

Featured image: Michael Gronager, Co-Founder and CEO, Chainalysis

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