Chainalysis to join the unicorn club after new $100 million investment

Analytics firm Chainalysis is poised to close a Series C funding round of $100 million, after which its investment valuation will reach $1 billion. Forbes подтвердил CEO Michael Gronager.

The deal is expected to close next week. The funding round will be led by venture firm Addition, with former investors Accel, Benchmark and Ribbit also participating.

After the closing of the new deal, total investments in Chainalysis will amount to $166 million. The financing envisages doubling its current staff of 200 over the next year.

Michael Gronager declined to disclose Chainalysis’ revenues, noting only that over the last year the figure rose by 96%. He expects that in 2021 and 2022 these figures will double.

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Forbes estimates that in 2018 Chainalysis earned $8 million. To date the company counts 350 clients, including government agencies and major financial institutions.

Back in 2018, Chainalysis closed its Series A funding round, which raised $16 million.

In February 2019, the company raised $30 million in a Series B round, expanding it in July 2020 by an additional $13 million.

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