June 25, 2021
Blockchain data analytics firm Chainalysis said in an announcement that it has raised $100mn, bringing its valuation to $4.2billion.
The fund-raising was led by Coatue with previous investors Benchmark, Accel, Addition, Dragoneer, Durable Capital Partners, and 9Yards Capital increased their investment in the company, and Altimeter, Blackstone, GIC, Pictet, Sequoia Heritage, and SVB Capital also participated.
“We’re known for building trust in the cryptocurrency industry as the leading provider of software that enables government agencies and private sector businesses across the world to detect and prevent cryptocurrency crime and money laundering,” the statement said. “Our work is only becoming more important as cryptocurrency enters the mainstream. And new applications for our underlying data – like market intelligence and business data – are emerging, too.”
The company said it will use this capital to execute its vision as the blockchain data platform for cryptocurrency. This means they are investing in data, software and access.
“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,” the company said in the statement. “Our partners at Coatue understand the power of our vision for the Chainalysis data platform and the software, access, and services it powers.”