Chainalysis, a NYC-based provider of a blockchain data platform, raised $100m in Series E financing.
The round was led by Coatue, bringing its valuation to $4.2 billion, with participation from previous investors Benchmark, Accel, Addition, Dragoneer, Durable Capital Partners, and 9Yards Capital and Altimeter, Blackstone, GIC, Pictet, Sequoia Heritage, and SVB Capital.
The company intends to use the funds to hire for hundreds of new positions across all functions to continue its global expansion, as well as to:
- deepen data advantage by covering more cryptocurrencies and focusing on emerging use cases like DeFi, and launching a Global Intelligence function;
- develop collaboration tools in its suite of software solutions so that public and private sector teams can work together from the same data set; and
- provide direct access to Chainalysis data through APIs so that government agencies, financial institutions, and cryptocurrency exchanges can combine data with information from within their enterprises to make decisions.
Led by Michael Gronager, Co-founder and CEO, Chainalysis is a blockchain data platform that provides data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 60 countries. The company’s data powers investigation, compliance, and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases and grow consumer access to cryptocurrency safely.
FinSMEs
26/06/2021