Chainalysis Secures $100M via Series E from Coatue, Others, Blockchain Analysis Firm Now Valued at $4.2B

The team at Chainalysis, a leading blockchain analysis firm, is pleased to confirm that they’ve acquired $100 million in capital via a Series E round that was led by Coatue, bringing the company’s valuation to $4.2 billion.

Previous investors Benchmark, Accel, Addition, Dragoneer, Durable Capital Partners, and 9Yards Capital have now increased their investment in Chainalysis, and Altimeter, Blackstone, GIC, Pictet, Sequoia Heritage, and SVB Capital also took part in the blockchain firm’s most recent investment round.

Chainalysis writes in a blog post that they’re well-known for developing trust in the cryptocurrency sector as the leading provider of software that allows government agencies and private sector firms across the globe to identify and prevent cryptocurrency-related crime and money laundering activities.

Chainalysis says that their work is “only becoming more important as cryptocurrency enters the mainstream” and new applications for their underlying data – such as market intelligence and business data – are “emerging, too.”

The company said it would use the proceeds from the round to execute its goal or vision “as the blockchain data platform for cryptocurrency.”

According to Chainalysis, this means they are investing in:

  • Data. Our tools are “only as good as our underlying data, and Chainalysis is the only company that has been systematically collecting information that links real-world entities to blockchain transactions since 2013.” We’re “committed to deepening our data advantage by covering more cryptocurrencies, focusing on emerging use cases like DeFi, and launching a Global Intelligence function to more quickly identify warning signs for potential threats and reduce time to response.”
  • Software. We’re “continuing to invest in our investigations and compliance tools, as well as newer products like Market Intel.” Specifically, we’re “working on developing collaboration tools in our suite of software solutions so that public and private sector teams can work together from the same data set to reach a consistent, shared understanding.”
  • Access. We’re also “providing direct access to Chainalysis data through APIs so that government agencies, financial institutions, and cryptocurrency exchanges can combine Chainalysis data with information from within their enterprises to make better decisions.”

Chainalysis added that they think blockchain data is the asset that may assist both public and private sector entities with better understanding the risks and opportunities surrounding this asset class and “promote its adoption safely and successfully.”

Chainalysis’ partners at Coatue “understand the power of our vision for the Chainalysis data platform and the software, access, and services it powers.”

Chainalysis also mentioned that they’re “pleased to welcome new members” of the Chainalysis 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 Director of Cyber Intelligence”
  • Rob Bone, who joins after a 20 year career in the FBI, “most recently as Special Agent in Charge for Los Angeles, where he was appointed by the FBI Director to lead all counterintelligence and cyber investigations in Southern California”

Chainalysis also noted:

“Thank you to our customers and partners for your continued work in making cryptocurrency a legitimate and trusted part of the global financial system.”

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