One of many main blockchain knowledge platforms, Chainalysis lately topped the valuation of $8.6 billion after elevating $170 million in a Collection F funding spherical. Moreover, the corporate highlighted its development for the reason that Collection E funding final yr.
The current funding spherical was led by GIC, Singapore’s sovereign wealth fund. The prevailing buyers, together with Accel, Blackstone, Dragoneer and FundersClub expanded their funding within the blockchain knowledge platform. Financial institution of New York Mellon and Emergence Capital additionally joined the funding spherical.
With a valuation of $8.6 billion, Chainalysis has now turn out to be the biggest enterprise SaaS firm within the cryptocurrency business. The corporate is planning to boost product innovation by means of current funding.
“Over the previous yr, the cryptocurrency business crossed into the mainstream with monetary establishments coming into the area and new applied sciences like NFTs disrupting conventional markets,” stated Michael Gronager, the Co-Founder and CEO of Chainalysis. “Our companions at GIC perceive the facility of Chainalysis’ knowledge platform and buyer community, the energy of our group of leaders, and the market alternative earlier than us. I’m thrilled to deepen our relationship with their group, particularly as we increase our enterprise within the APAC area.”
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Final yr, the agency raised $100 million in its Collection E funding spherical and topped the valuation of $4.2 billion.
Developments
Whereas Chainalysis is planning to make use of funds to speed up its growth within the coming months, it highlighted the most recent developments in its strategic targets. Over the previous 12 months, the blockchain firm enhanced its buyer depend by nearly 75%. Throughout the identical interval, Chainalysis employed greater than 450 individuals.
“Chainalysis is in a singular place of working a SaaS enterprise within the cryptocurrency area because of the stability of its enterprise mannequin in addition to the rising demand for belief and security within the total business,” stated Choo Yong Cheen, the Chief Funding Officer of Personal Fairness at GIC.
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One of many main blockchain knowledge platforms, Chainalysis lately topped the valuation of $8.6 billion after elevating $170 million in a Collection F funding spherical. Moreover, the corporate highlighted its development for the reason that Collection E funding final yr.
The current funding spherical was led by GIC, Singapore’s sovereign wealth fund. The prevailing buyers, together with Accel, Blackstone, Dragoneer and FundersClub expanded their funding within the blockchain knowledge platform. Financial institution of New York Mellon and Emergence Capital additionally joined the funding spherical.
With a valuation of $8.6 billion, Chainalysis has now turn out to be the biggest enterprise SaaS firm within the cryptocurrency business. The corporate is planning to boost product innovation by means of current funding.
“Over the previous yr, the cryptocurrency business crossed into the mainstream with monetary establishments coming into the area and new applied sciences like NFTs disrupting conventional markets,” stated Michael Gronager, the Co-Founder and CEO of Chainalysis. “Our companions at GIC perceive the facility of Chainalysis’ knowledge platform and buyer community, the energy of our group of leaders, and the market alternative earlier than us. I’m thrilled to deepen our relationship with their group, particularly as we increase our enterprise within the APAC area.”
Preserve Studying
Final yr, the agency raised $100 million in its Collection E funding spherical and topped the valuation of $4.2 billion.
Developments
Whereas Chainalysis is planning to make use of funds to speed up its growth within the coming months, it highlighted the most recent developments in its strategic targets. Over the previous 12 months, the blockchain firm enhanced its buyer depend by nearly 75%. Throughout the identical interval, Chainalysis employed greater than 450 individuals.
“Chainalysis is in a singular place of working a SaaS enterprise within the cryptocurrency area because of the stability of its enterprise mannequin in addition to the rising demand for belief and security within the total business,” stated Choo Yong Cheen, the Chief Funding Officer of Personal Fairness at GIC.
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