Chainalysis, a blockchain analysis company, announced Friday 12th January 2022 that it has closed on $100 million in Series D financing, doubling its valuation to over $2 billion.
The round comes just four months after the company secured a $100 million Series C round at a $1 billion valuation. Paradigm led the latest funding event while existing backers Addition and
Ribbit doubled down on their investment in the company. TIME Ventures, Marc Benioff’s investment fund, also participated in the latest financing, which brings Chainalysis’ total raised to $265 million.
This latest round marks Chainalysis’ fourth raise in less than two years. Previous backers in the company also include Accel and Benchmark.
Chainalysis was founded in 2014 as the official investigators into the hack of Mt. Gox, then the world’s largest cryptocurrency exchange.
Today, the New York-based company provides data, software, services and research to government agencies, exchanges, financial institutions
and insurance and cybersecurity companies in more than 60 countries. Among its 400 customers are fintechs such as Square, financial institutions like Barclays
and cryptocurrency businesses like Gemini, Bitstamp and BitPay.