Crypto chainalysis 100m paradigm 100m series

crypto chainalysis 100m paradigm 100m series

Chainalysis Valued at USD 2B as Investors See Demand For Crypto Intelligence

US_based major blockchain analysis company Chainalysis announced today that it has raised USD 100m, bringing its valuation to over USD 2bn.

The company said that the Series D financing round was led by Paradigm, while previous investors Addition and Ribbit increased their investment in the company. Additionally, TIME Ventures, the investment fund for Marc Benioff, participated as well.

This follows Chainalysis’ USD 100m Series C round in November 2020. Per Crunchbase, until November, the company had raised USD 166m in total.


Barclays and cryptocurrency businesses like Gemini, Bitstamp and BitPay.

Co-founders Michael Gronager and Jonathan Levin; Image courtesy of Chainalysis

Chainalysis’ self-described mission is “to build trust in blockchains to promote more financial freedom with less risk.”

The company says its data platform powers investigation, compliance and risk management tools “that have been used to solve some of the world’s most high-profile cyber criminal cases and grow consumer access to cryptocurrency safely.”

Chainalysis operates under the belief that eventually every company will use the blockchain to conduct their business, according to co-founder and CEO Michael Gronager.

“We’ve collected more information about what happens on blockchains than anyone in the cryptocurrency industry,” he said.

If you’ve been skeptical of cryptocurrency, then the first quarter of 2021 likely changed your mind. In just a few months, the price of Bitcoin surpassed $60,000 for the first time. Major corporations including Tesla and Square added it to their balance sheets.


After years on the sidelines, Wall Street began to enter the market with Morgan Stanley offering clients access to Bitcoin funds. Canada approved cryptocurrency ETFs (exchange-traded funds). Even Christie’s, the auction house founded in 1766, sold a digital art NFT (non-fungible token) for $69 million worth of Ether.
But even this is really just the beginning of a decades long modernization of the financial system.

So where does Chainalysis go from here?

First and foremost, we will continue to provide outstanding support to our amazing customers.

Crypto chainalysis 100m paradigm 100m series-03

  • Chainalysis has raised $100 million in a Series D fundraise.
  • Paradigm conducted the fundraising program.
  • Chainalysis will use its earnings to expand its investigations software services.
  • Chainalysis has raised over $100 million in a Series D fundraising event. Of note, Paradigm led the funding round on April 2.

    As a result, the new funding raised Chainalysis’s value to over $2 billion. Besides, not only Paradigm, other investment firms like TIME Ventures, Ribbit, and others also joined the funding event.

    According to a report, Chainalysis will use the earnings to grow and expand its investigations software.

    Crypto chainalysis 100m paradigm 100m series1

    Chainalysis tools aim to help government agencies, cryptocurrency businesses and financial institutions understand which real-world entities transact with each other.

    “For example, we can show that a given transaction took place between two different cryptocurrency exchanges, or between a cryptocurrency exchange and an illicit entity, such as a darknet market or a sanctioned organization,” Gronager said.

    Paradigm co-founder Fred Ehrsam said his firm was drawn to the way Chainalysis provides key data infrastructure and software for the cryptocurrency ecosystem.

    “The team knows the regulatory landscape better than anyone, has been refining their tools for years, and deeply know what their customers want.

    Crypto chainalysis 100m paradigm 100m series5

    We’re thrilled to announce that we’ve completed a new round of fundraising. Through this process we’ve raised $100 million and Chainalysis is now valued over $2 billion. We’ll use the funds to accelerate business growth, expand our product portfolio and continue our mission to build trust in blockchains.

    This latest round was led by Paradigm, with participation from TIME Ventures, the investment fund for Marc Benioff, and previous investors Addition and Ribbit.

    Today’s milestone was made possible by years of hard work by the many early believers who’ve brought cryptocurrency into the mainstream. Chainalysis is proud to have collaborated with our many customers and partners across government and commercial enterprise to make cryptocurrency a legitimate and trusted part of the global financial system.

    Chainalysis tools aim to help government agencies, cryptocurrency businesses and financial institutions understand which real-world entities transact with each other.

    “For example, we can show that a given transaction took place between two different cryptocurrency exchanges, or between a cryptocurrency exchange and an illicit entity, such as a darknet market or a sanctioned organization,” Gronager said.

    Paradigm co-founder Fred Ehrsam said his firm was drawn to the way Chainalysis provides key data infrastructure and software for the cryptocurrency ecosystem.

    “The team knows the regulatory landscape better than anyone, has been refining their tools for years, and deeply know what their customers want.

    Chief Marketing Officer Ian Andrews, who joined after eight years as a marketing executive at Pivotal and VMWare; VP Engineering Tom Woolway, who was previously an engineering executive at Dataminr and Twitter; VP Customer Success Bridget Barrot, who led customer success teams at Clubhouse Software and KAYAK; Director of Regulation and Compliance Caitlin Barnett, who was most recently Chief Compliance Officer at Bitstamp USA and has held senior compliance positions at cryptocurrency businesses and financial institutions; and Global Public Sector Chief Technology Officer Gurvais Grigg, who was an Assistant Director at the Federal Bureau of Investigation (FBI)

  • Expanded its partnership program, which now consists of over 50 companies, including Fireblocks and Flashpoint
  • Chainalysis has been an enabling force for the growth of the cryptocurrency industry for over six years.

    NEW YORK, March 26, 2021 /PRNewswire/ — Chainalysis, the blockchain analysis company, today announced it secured a $100 million Series D financing led by Paradigm, bringing its valuation to over $2 billion. Previous investors Addition and Ribbit increased their investment in the company, and TIME Ventures, the investment fund for Marc Benioff, also participated.

    Chainalysis’s proprietary cryptocurrency data powers its industry-leading investigations and compliance software, which enables government agencies and private sector businesses across the world to detect and prevent cryptocurrency crime and money laundering.

    Barclays and cryptocurrency businesses like Gemini, Bitstamp and BitPay.

    Co-founders Michael Gronager and Jonathan Levin; Image courtesy of Chainalysis

    Chainalysis’ self-described mission is “to build trust in blockchains to promote more financial freedom with less risk.”

    The company says its data platform powers investigation, compliance and risk management tools “that have been used to solve some of the world’s most high-profile cyber criminal cases and grow consumer access to cryptocurrency safely.”

    Chainalysis operates under the belief that eventually every company will use the blockchain to conduct their business, according to co-founder and CEO Michael Gronager.

    “We’ve collected more information about what happens on blockchains than anyone in the cryptocurrency industry,” he said.

    “We’ll continue to invest in investigations and compliance software, but we’ll also build out new data products both for our existing customer base and new audiences,” Gronager said.

    The company is particularly focused on building out its presence in the Asia-Pacific region.

    “Cryptocurrency is global, and so is Chainalysis,” said Gronager.

    To Chainalysis, cryptocurrencies present unprecedented transparency.

    “They are the first global payment systems outside of any one organization’s control, but their blockchains create public, permanent records of all transactions, including illicit activity,” Gronager told TechCrunch.

    Blockchain analysis comes in by helping people interpret those public blockchain ledgers.

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