What's Hot

    Bitcoin Dominance Remains High As Market Sell-Offs Settle

    26/05/2022

    Falling wedge pattern points to eventual Ethereum price reversal, but traders expect more pain first

    26/05/2022

    Portuguese Parliament Rejects Crypto Tax Proposals During Budget Debate – Taxes Bitcoin News

    26/05/2022
    Facebook Twitter Instagram
    • Polls
    • Questions
    Thursday, May 26
    Trending
    • Bitcoin Dominance Remains High As Market Sell-Offs Settle
    • Falling wedge pattern points to eventual Ethereum price reversal, but traders expect more pain first
    • Portuguese Parliament Rejects Crypto Tax Proposals During Budget Debate – Taxes Bitcoin News
    • Whale Ratio Continues To Stay At High Value
    • VAST Completes Private Investment Round as It Readies to Launch First-Ever EngageFi™ NFT Platform – Press release Bitcoin News
    • Spooky Solana breakdown begins with SOL price facing a potential 45% drop — Here’s why
    • ETH Hits 2-Week Low, Following Move Below $1,900 – Market Updates Bitcoin News
    • Former Binance executives launch $100 million venture fund
    Login
    Weekly Crypto | Designed by Koios students Weekly Crypto | Designed by Koios students
    • Home
    • Live chart
    • Koios
    • Join Discord!
    • Account
      • Register
      • Login
      • My Account
      • My Posts
    Weekly Crypto | Designed by Koios students Weekly Crypto | Designed by Koios students
    Home»Business»Chainalysis Reaches $8.6 Billion Valuation In $170 Million Series F Funding Round – Bitcoin News
    Chainalysis
    Business

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

    adminBy admin14/05/2022No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Chainalysis, a cryptocurrency security and blockchain auditing firm, has announced it has completed a new funding round for its operations. The company raised $170 million in its Series F funding round, which was led by GIC — the Government of Singapore Investment Corporation — and also had the participation of earlier investors. With this capital influx, the company reached a valuation of $8.6 billion.

    Chainalysis Gets Investment From GIC

    Chainalysis, a cryptocurrency and blockchain auditing firm, has announced it raised $170 million in its latest funding round, with investments led by GIC, the Government of Singapore Investment Corporation. The Series F funding round also had the participation of earlier and new investors, including Accel, Blackstone, Dragoneer, Fundersclub, the Bank of New York Mellon, and Emergence Capital.

    With this new investment, the company reaches a valuation of $8.7 billion, in a context where crypto regulation is starting to be adopted by more countries and government bodies around the world. This funding round dwarves the latest raise of the company, which raised $100 million last June, giving it a valuation of $4 billion at that time.

    The investment comes to complement other blockchain-based investments from GIC, which was also involved in the earlier Series E round and has put funds behind Anchorage and the BC Group. On the subject, Chainalysis co-founder and CEO Michael Gronager stated:

    Our partners at GIC understand the power of Chainalysis’ data platform and customer network, the strength of our team of leaders, and the market opportunity before us.

    Furthermore, Gronager also stated the company would be expanding its business to the APAC zone.


    Expansion and Growth

    Chainalysis has also provided an overview of the objectives it wants to fulfill with the funds raised. The company stated that this investment will contribute to “product innovation and scale its global operations to meet customer demand as the asset class gains mainstream acceptance.”

    Chainalysis’ growth has been significant, according to the numbers given by the company. Its customer count has increased by 75% year-on-year. Furthermore, the company has included new business by adding NFT-related operations in partnering with Dapper Labs. It has also been involved in solving landmark crypto-related crimes, including the Colonial Pipeline attack, where it helped to seize $2.3 million, and the establishment of sanctions on several Russian-based services involved in money laundering processes.

    What do you think about the latest Series F funding round and the $8.6 billion dollar valuation reached by Chainalysis?

    Sergio Goschenko

    Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

    Image Credits: Shutterstock, Pixabay, Wiki Commons

    Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

    More Popular News

    In Case You Missed It





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    admin
    admin
    • Website

    Related Posts

    Bitcoin Dominance Remains High As Market Sell-Offs Settle

    26/05/2022

    Falling wedge pattern points to eventual Ethereum price reversal, but traders expect more pain first

    26/05/2022

    Portuguese Parliament Rejects Crypto Tax Proposals During Budget Debate – Taxes Bitcoin News

    26/05/2022

    Whale Ratio Continues To Stay At High Value

    26/05/2022
    Add A Comment

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Latest News

    Bitcoin Dominance Remains High As Market Sell-Offs Settle

    26/05/2022

    Falling wedge pattern points to eventual Ethereum price reversal, but traders expect more pain first

    26/05/2022

    Portuguese Parliament Rejects Crypto Tax Proposals During Budget Debate – Taxes Bitcoin News

    26/05/2022

    Your source for the serious weekly crypto news.

    Discord
    Top Insights

    Bitcoin Dominance Remains High As Market Sell-Offs Settle

    26/05/2022

    Falling wedge pattern points to eventual Ethereum price reversal, but traders expect more pain first

    26/05/2022

    Portuguese Parliament Rejects Crypto Tax Proposals During Budget Debate – Taxes Bitcoin News

    26/05/2022
    • Digital Marketing Bureau Chapter73
    • Mavic Studio Professionele Drone Fotografie
    © 2022 Weekly Crypto. Designed by students of Koios.

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Lost password?

    Register Now!

    Already registered? Login.

    A password will be e-mailed to you.