Blockchain data platform Chainalysis recently announced a $100 million Series E financing led by Coatue, bringing firm's valuation to $4.2 billion. The firm said that previous investors Benchmark, Accel, Dragoneer, Durable Capital Partners, Addition, and 9Yards Capital increased their investment in the firm, and Altimeter, Blackstone, Pictet, Sequoia Heritage, GIC, and SVB Capital also participated.
The seven-year old company, which is known for building trust in the crypto-industry as a leading provider of investigations and compliance software, said that it is planning to use the funds to deepen the platform's data coverage by adding more cryptocurrencies and further develop its software.
Source: Chainalysis
Well, this Series E financing follows Chainalysis's $100 million Series D round in March 2021. Since then, the firm has added industry veterans to its management 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 has served 20 years in the FBI.
Chainalysis said that its tools are only as good as the underlying data, and Chainalysis is proud to be the only company that has been systematically collecting data that links real-world entities to blockchain transactions since 2013.
"We believe blockchain data is the asset that can help public and private sector organizations understand the risks and opportunities surrounding this asset class and promote its adoption safely and successfully. Our partners at Coatue understand the power of our vision for the Chainalysis data platform and the software, access, and services it powers." wrote Chainalysis.