Chainalysis Closes Financing of $100 Million

The blockchain analysis company Chainalysis announced last week it has completed $100 million funding in its latest round led by an investment company Coatue, bringing its valuation to $4.2 billion.

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

Reportedly, Chainalysis plans to use the funds for three major goals: to deepen its data advantage by covering more cryptocurrencies; to develop collaboration tools in its suite of software solutions; to provide direct access to Chainalysis data through APIs so that government agencies, financial institutions, and cryptocurrency exchanges can combine Chainalysis data with information from within their enterprises to make better decisions.

"The future of finance and national security will be based on blockchain data-driven decisions," said Michael Gronager, Co-founder and CEO, Chainalysis. "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."

Chainalysis’ latest financing follows its $100 million Series D round in March 2021.