Chainalysis, the analytics firm, has raised $100 million in a Series E financing round, valuing the company at $4.2 billion.
We are thrilled to announce a $100 million Series E financing led by Coatue, bringing our valuation to $4.2 billion https://t.co/vPWrZfcXpc pic.twitter.com/jfKFdgeOxe
— Chainalysis (@chainalysis) June 24, 2021
According to a blog post, the existing investors — Benchmark, Accel, Addition, Dragoneer, Durable Capital Partners and 9Yards Capital — have increased their stakes in the firm. The round also saw participation from Altimeter, Blackstone, GIC, Pictet, Sequoia Heritage and SVB Capital.
The financing will be deployed to enhance its existing tools for blockchain data collection and investigations, regulatory compliance, and applications for market analytics and corporate data governance.
“We believe that blockchain data is a resource that helps public and private sector organisations understand the risks and opportunities associated with this new asset class and supports its safe and successful deployment,” the statement said.
The company also said it would expand its team. Among the new hires is Rob Brown, the director of cyber intelligence, who has a 20-year career with the FBI.
The firm announced the hiring of “hundreds” of specialists across various fields and the continuation global expansion.
Earlier, after the previous Series D round of $100 million, Chainalysis surpassed $2 billion in valuation.
It joined the unicorn club in November 2020.
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