Chainalysis, the blockchain data platform, has announced that it has secured a $100 million Series E financing led by Coatue, bringing its valuation to $4.2 billion. 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.
Chainalysis will use this capital to execute its vision as the blockchain data platform for cryptocurrency, according to a statement.
“Chainalysis’s data platform is core infrastructure which helps to create a safe and thriving cryptocurrency market,” said Kris Fredrickson, Managing Partner at Coatue. “As cryptocurrency adoption grows, we believe that financial institutions, government agencies, and cryptocurrency businesses will increasingly deploy Chainalysis’s platform to make important decisions – from figuring out the best way to dismantle the operations of a threat actor to deciding which new cryptocurrency products are likely to drive the most demand.”
“The future of finance and national security will be based on blockchain data-driven decisions,” said Michael Gronager, Co-founder and CEO, Chainalysis. “We’ve harnessed the transparency of blockchains to provide actionable insights into markets, threats, and business opportunities. Our partners at Coatue understand the power of our vision for the Chainalysis data platform and the software, access, and services it powers.”
Chainalysis’s Series E financing follows its $100 million Series D round in March 2021, bringing the total amount raised to $365 million. Since then, the company has added industry veterans to its leadership 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.
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