Crypto Tracker Chainalysis Raises $100 Million At Over $1 Billion Valuation

Blockchain analysis company Chainalysis is now reportedly valued at $1 billion after closing a $100 million Series C financing round, led by Addition. The round also saw participation from previous Chainalysis investors, including Accel, Benchmark, and Ribbit.

Founded in 2014, Chainalysis offers crypto investigation and compliance solutions to global law enforcement agencies, regulators, and businesses as they work together to fight illicit cryptocurrency activity. The company’s investigation and compliance tools, education, and support create transparency across blockchains so their customers can engage confidently with cryptocurrency.

The latest funding will be used to further support the international expansion of Chainalysis’s network of government agencies, financial institutions, and other private sector businesses that relies on Chainalysis’s data platform and software solutions for transparency into cryptocurrency transactions and markets. As institutional dollars flow into this newly regulated and increasingly mainstream asset class, Chainalysis will scale its platform and its people to meet the growing global demand for its data and technology.

“Chainalysis is the financial regulatory platform for the future of digital assets” said Lee Fixel, Founder of Addition. “The firm’s data, technology, and network are foundational to the blockchain ecosystem. With impressive growth to date, the opportunity for continued global expansion as the preferred partner to governments and businesses seeking compliance and investigative insights is massive.”

Michael Gronager, Co-Founder and CEO, Chainalysis, said that government agencies and the private sector need the right data, tools, and insights to responsibly oversee and participate in the cryptocurrency economy.

“We have established a network of government agencies in over 30 countries and more than 250 of the most important businesses around the world who are making it safer and easier for consumers and businesses to transact, fundamentally changing the way money works,” said Gronager. “Our partners at Addition understand the power of our platform and are a natural partner for this next phase of growth.”