GIC Leads Chainalysis’ US$170 Million Collection F, Doubling Its Valuation to US$8.6 Billion


Chainalysis, a New York-based blockchain knowledge platform, introduced a US$170 million Collection F financing led by Singapore’s sovereign wealth fund GIC, bringing its valuation to $8.6 billion.

Earlier buyers Accel, Blackstone, Dragoneer, and FundersClub elevated their funding within the firm, and the Financial institution of New York Mellon and Emergence Capital additionally participated within the spherical.

Chainalysis stated that it’ll use the funds to proceed to spend money on product innovation and scale its world operations to fulfill buyer demand because the asset class positive factors mainstream acceptance.

In step with this, the agency added that it’s persevering with to spend money on constructing out its knowledge platform to assist new and enhanced danger administration and enterprise intelligence instruments.

Over the previous yr, Chainalysis has employed greater than 450 folks, and now has over 700 workers.

To assist the corporate’s continued progress and strengthen its operational features, Chainalysis not too long ago employed executives throughout features, together with; Sari Granat as President and Chief Working Officer in addition to W. Thomas Stanley as its President and Chief Income Officer.

Chainalysis at the moment has over 370 open positions throughout all features and geographies.

The agency had secured a US$100 million Collection E financing in June 2021 led by Coatue which valued it at US$4.2 billion at the moment.

Over the previous yr, Chainalysis reported that it has elevated its buyer rely by 75% and now has greater than 750 clients in 70 nations.

It has additionally doubled its personal sector buyer base and tripled its monetary providers buyer base, and now counts greater than 100 monetary establishments as clients.

Michael Gronager, Co-Founder and CEO, Chainalysis

Michael Gronager

“Over the previous yr, the cryptocurrency business crossed into the mainstream with monetary establishments coming into the house and new applied sciences like NFTs disrupting conventional markets.

 

Our companions at GIC perceive the facility of Chainalysis’ knowledge platform and buyer community, the energy of our staff of leaders, and the market alternative earlier than us. I’m thrilled to deepen our relationship with their staff, particularly as we increase our enterprise within the APAC area.”

stated Michael Gronager, Co-founder and CEO, Chainalysis.

Choo Yong Cheen

Choo Yong Cheen

“Chainalysis is in a singular place of working a SaaS enterprise within the cryptocurrency house as a result of stability of its enterprise mannequin in addition to the rising demand for belief and security within the general business.

 

We’re happy to increase our partnership and look ahead to their subsequent stage of progress.”

stated Choo Yong Cheen, Chief Funding Officer of Personal Fairness at GIC.

 

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