Chainalysis valuation reaches $4.2B after a new fundraiser
Blockchain data analysis platform Chainalysis has raised a $100 million (~£71.9 million) Series E, bringing its market valuation to $4.2 billion (~£3.02 billion).
A company on the up
According to the company’s Twitter, Benchmark, Accel, Addition, Dragoneer, Durable Capital Partners and 9Yards Capital participated in the round. Among them were Altimeter, Blackstone, GIC, Pictet, Sequoia Heritage and SVB Capital.
The funds raised are earmarked for improving the existing blockchain data collection tools. Investigations, and achieving compliance with various legislation for market analysts and corporate data management.
“We believe blockchain data is the asset that can help public and private sector organisations understand the risks and opportunities surrounding this asset class and promote its adoption safely and successfully”, says the company in a tweet.
The company has also announced new arrivals to the team. One of the new members is a former FBI Rob Bone, assuming the position of Director of Cyber Intelligence.
The blog also mentions how the company is “hiring hundreds of new positions across all functions to continue our global expansion”.
The previous round worth $100 million (~£71.9 million), Series D, pushed the company’s market valuation beyond $2 billion (~£1.44 billion).
The company joined the industry’s “unicorns” (start-ups worth more than $1 billion (~£0.72 billion) in November 2020. How much further can it go?
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