Chainalysis Receives $100 Million in Funding At $1 Billion Valuation

November 24, 2020 | By | Reply | 24 Readers More

Blockchain forensics firm Chainalysis announced today that it had raised $100 million in investments to expand the scale of its operations.

This would be Chainalysis’ third round of funding in 6 years since its launch. Now, the company has achieved a valuation of over $1 billion.

Addition Leads Chainalysis’ Latest Funding Round

This Series C round was led by Addition, an investment firm founded by former Tiger Global Management investor Lee Fixel. Other previous investors also joined in, including Accel, Benchmark, and Ribbit.

Michael Gronager, Co-Founder and CEO of Chainalysis, spoke enthusiastically after the success of this round. He noted that these funds will help expand the company’s operations and benefit its investors, especially Addition, which injected the most considerable amount of money. All thanks to Chainalysis’ contracts with several private and government…

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