Chainalysis Reaches $8.6 Billion Valuation In $170 Million Series F Funding Round

Chainalysis, a cryptocurrency information and blockchain auditing firm, has announced it has completed a caller backing circular for its operations. The institution raised $170 cardinal successful its Series F backing round, which was led by GIC — the Government of Singapore Investment Corporation — and besides had the information of earlier investors. With this superior influx, the institution reached a valuation of $8.6 billion.

Chainalysis Gets Investment From GIC

Chainalysis, a cryptocurrency and blockchain auditing firm, has announced it raised $170 cardinal successful its latest backing round, with investments led by GIC, the Government of Singapore Investment Corporation. The Series F backing circular besides had the information of earlier and caller investors, including Accel, Blackstone, Dragoneer, Fundersclub, the Bank of New York Mellon, and Emergence Capital.

With this caller investment, the institution reaches a valuation of $8.7 billion, successful a discourse wherever crypto regularisation is starting to beryllium adopted by much countries and authorities bodies astir the world. This backing circular dwarves the latest rise of the company, which raised $100 cardinal past June, giving it a valuation of $4 cardinal astatine that time.

The concern comes to complement different blockchain-based investments from GIC, which was besides progressive successful the earlier Series E circular and has enactment funds down Anchorage and the BC Group. On the subject, Chainalysis co-founder and CEO Michael Gronager stated:

Our partners astatine GIC recognize the powerfulness of Chainalysis’ information level and lawsuit network, the spot of our squad of leaders, and the marketplace accidental earlier us.

Furthermore, Gronager besides stated the institution would beryllium expanding its concern to the APAC zone.

Expansion and Growth

Chainalysis has besides provided an overview of the objectives it wants to fulfill with the funds raised. The institution stated that this concern volition lend to “product innovation and standard its planetary operations to conscionable lawsuit request arsenic the plus people gains mainstream acceptance.”

Chainalysis’ maturation has been significant, according to the numbers fixed by the company. Its lawsuit number has accrued by 75% year-on-year. Furthermore, the institution has included caller concern by adding NFT-related operations successful partnering with Dapper Labs. It has besides been progressive successful solving landmark crypto-related crimes, including the Colonial Pipeline attack, wherever it helped to prehend $2.3 million, and the establishment of sanctions connected respective Russian-based services progressive successful wealth laundering processes.

What bash you deliberation astir the latest Series F backing circular and the $8.6 cardinal dollar valuation reached by Chainalysis?

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