Chainalysis听has raised $100 million听in new funding听and is听plotting growth in the UK.听
Headquartered in New York, the听blockchain data platform听currently employs 73 people in the UK, with 14 open roles, after hiring 23 staff already this year.听
The company, which is valued at听$4.2 billion听after the Series E financing, plans to create another 15-plus听roles听this year.听
The round was听led by Coatue,听while previous investors Benchmark, Accel, Addition,听Dragoneer, Durable Capital Partners and 9Yards Capital increased their investment in the company.听听
Altimeter, Blackstone, GIC, Pictet, Sequoia Heritage and SVB Capital also participated.听
Chainalysis听aims to听build trust in the cryptocurrency industry as the leading provider of investigations and compliance software that enables government agencies and private sector businesses across the world to detect and prevent cryptocurrency crime and money laundering.听听
Chainalysis听claims to be听the only company that has been systematically collecting information that links real world entities to blockchain transactions since 2013.听
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The听capital will be used to听cover more cryptocurrencies and focus on emerging use cases like听DeFi听鈥� decentralised finance听鈥撎齛nd听launching a听global听intelligence function to more quickly identify warning signs for potential threats and reduce time to response.听
It will also develop collaboration tools听to allow听public and private sector teams听to听work together from the same data set with a consistent, shared understanding, and provide direct access to听Chainalysis听data through APIs so that government agencies, financial institutions and cryptocurrency exchanges can combine听it听with information from within their enterprises to make better decisions.听
鈥淭he future of finance and national security will be based on blockchain data-driven decisions,鈥� said Michael听Gronager, co-founder and CEO.听听
鈥淲e鈥檝e harnessed the transparency of blockchains to provide actionable insights into markets, threats, and business opportunities.听听
鈥淥ur partners at Coatue understand the power of our vision for the听Chainalysis听data platform and the software, access, and services it powers.鈥�听
Kris Fredrickson, Managing Partner at Coatue, added:听鈥淐hainalysis鈥檚听data platform is core infrastructure which helps to create a safe and thriving cryptocurrency market.听听
鈥淎s cryptocurrency adoption grows, we believe that financial institutions, government agencies, and cryptocurrency businesses will increasingly deploy听Chainalysis鈥檚听platform to make important decisions 鈥� from figuring out the best way to dismantle the operations of a threat actor to deciding which new cryptocurrency products are likely to drive the most demand.鈥�听
Chainalysis听is hiring hundreds of new positions across all functions to continue its global expansion.听
Cryptocurrency