Chainalysis, a New York-based blockchain data platform, announced that it raised $170 million in Series F financing.

The round was led by GIC, Singapore’s sovereign wealth fund, bringing its valuation to $8.6 billion. Previous investors Accel, Blackstone, Dragoneer, and FundersClub increased their investment in the company, Bank of New York Mellon and Emergence Capital also participated. 

Chainalysis is now the largest enterprise SaaS company in the cryptocurrency industry and will use the funds to continue to invest in product innovation and scale its global operations to meet customer demand as the asset class gains mainstream acceptance.

Company: Chainalysis Inc.

Raised: $170.0M

Round: Series F

Funding Month: May 2022

Lead Investors: GIC

Additional Investors: Accel, Blackstone, Dragoneer, FundersClub, Bank of New York Mellon, and Emergence Capital

Company Website: https://www.chainalysis.com/

Software Category: Blockchain Data

About the Company: Chainalysis is a blockchain data platform, that provides data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 70 countries. Our data powers investigation, compliance, and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases and grow consumer access to cryptocurrency safely. Backed by Accel, Addition, Benchmark, Coatue, GIC, Paradigm, Ribbit, and other leading firms in venture capital, Chainalysis builds trust in blockchains to promote more financial freedom with less risk.        

Source: https://blog.chainalysis.com/reports/series-f/