Chainalysis Raises $100M in Series D; Valued at More Than $2 Billion

Chainalysis, a NYC-based blockchain analysis company, raised $100m in Series D financing.

The round, which brought valuation to over $2 billion, was led by Paradigm, with participation from Addition, Ribbit and Time Ventures, the investment fund for Marc Benioff.

The company intends to use the funds to hire hundreds of new positions across all functions in 2021, to continue its global expansion, and extend its business to provide enterprise data solutions to:

  • Cryptocurrency businesses and financial services providers that want to optimize their market development strategies based on insights into their customers’ behaviors
  • Asset managers and financial institutions that want to better understand cryptocurrency market trends as institutional dollars flow into this increasingly mainstream asset class
  • Government agencies that need to identify and map connections across datasets to build comprehensive pictures of threat actors that abuse cryptocurrency

Led by Michael Gronager, Co-founder and CEO, Chainalysis is a blockchain analysis company that provides data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 60 countries. Its data platform powers investigation, compliance, and risk management tools that have been used to solve some of the world’s most high-profile cyber criminal cases and grow consumer access to cryptocurrency safely.