Chainalysis Raises $100 Million In Series C Funding

Chainalysis Raises $100 Million In Series C Funding

by NeoTech Post

Chainalysis, a blockchain analysis company, raised $100 million in Series C financing at over $1 billion valuation. 

Addition led the funding round, with participation from Accel, Benchmark, and Ribbit. 

According to the company, the new capital will be used to further support the international expansion of its network of government agencies, financial institutions, and other private sector businesses. 

Chainalysis is a blockchain analysis company. The company provides data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 50 countries. 

The company’s data platform powers investigation, compliance, and risk management tools that have been used to solve some of the high-profile cybercriminal cases and grow consumer access to cryptocurrency safely. 

“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.”

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