Chainalysis hits $1BN valuation after $100M funding boost

2020-11-24 15:23

Blockchain analytics and forensics firm is now a $1 billion blockchain company after confirming a $100 million funding

In its third round of funding since its launch in 2014, Chainalysis raised $100 million in investments. Thanks to this funding, the forensics firm  has now added a $1 billion valuation. The latest series C round was spearheaded by Lee Fixel’s investment firm Addition.

Fixel has previously worked with Tiger Global Management, an investment firm he joined back in 2006.  During his 13-year stint with the New York firm, he rose through the ranks to become partner and head of the private equity business. He resigned from the firm in 2019 and started his venture capital firm, Addition early this year.

Other investors that were involved in the round include Accel, Benchmark and Ribbit. Chainalysis’ co-founder and chief executive Michael Gronager expressed enthusiasm following the completion of the round.

Gronager asserted that the funds will be redirected to help with the company’s scaling up plans. He added that the investment would benefit its investors, more so Addition, which contributed most. This round of funding could drive Chainalysis to unicorn status. The unicorn status has been a collector’s item in the crypto space with only a handful of crypto companies having realised valuation exceeding $1 billion. No crypto firm in the crypto tracing niche has achieved this status before.

Chainalsyis is well-positioned to set this record as it has contracts with many private and government agencies looking to see what happens in the blockchain.

“Government agencies and the private sector need the right data, tools, and insights to responsibly oversee and participate in the cryptocurrency economy. We have established a network of government agencies in over 30 countries and more than 250 of the most important businesses around the world. Our partners, at Addition, understand the power of our platform and are a natural partner for this next phase of growth,” Gronager said.

Chainalysis has grown to become a popular analytics firm in the crypto sector owing to its efficiency in monitoring blockchain transactions and delivering crucial insight in the crypto space. The firm recently won a $625,000 IRS contract to develop a tool that will help the IRS crack Monero transactions.

The post Chainalysis hits $1BN valuation after $100M funding boost appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Multi Channel Influencer Creater Cloud Funding Platform (MCI) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: -20.70 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0136825 (-100%)

funding boost chainalysis 100m blockchain valuation hits

Источник: coinjournal.net

funding boost → Результатов: 30


Bitcoin’s Momentum Stalls, But Negative Funding Gives a Boost to Bulls

Bitcoin’s upwards momentum has stalled following the promising push higher seen yesterday This allowed the cryptocurrency’s price to surge up towards $10,800, which is where it met some serious resistance that slowed its uptrend Despite rejecting at this level, the subsequent downtrend has not been that intense, indicating that bulls may still have some underlying strength One analyst is noting that although BTC is beginning to look bearish, the fact that funding rates are still […]

2020-9-26 21:00


Decentralized Exchange Aggregator, ParaSwap, Raises $2.7M to Streamline DeFi Token Swaps

France-based decentralized exchange aggregator, ParaSwap, raises $2. 7 million in a seed funding round from some of the top investors across the crypto ecosystem. The funding is set to boost API integration and development in a bid to enhance the building of decentralized finance (DeFi) applications.

2020-9-17 18:58


Фото:

Zcash (ZEC) Pumps $40k into Research Organization to Boost Anonymous Payments 

Zcash Foundation, the nonprofit organization in charge of privacy-centric altcoin, Zcash (ZEC) has donated 1044. 41369 ZEC ($40,000 USD) to non-profit Canadian group, Open Privacy Research Society, and the funding will be used to implement new initiatives that would further boost the growth of the Zcash ecosystem, according to a blog post on December 3, 2019.

2019-12-4 20:00


Фото:

Bitfury Acquires Minority Stake in Final Frontier, Aims To Expand Services

The Bitfury Group has acquired a minority stake in blockchain services firm Final Frontier. Both organizations are looking to utilize each other’s knowledge and experience in the traditional and digital finance spaces to potentially release a new line of financial products and services designed to assist professional investors in getting their hands on digital assets.

2018-11-14 00:53


Фото:

South Korean Government Pledges to Support Domestic Blockchain Projects

South Korea’s Ministry of Science and Information Communications Technology (ICT) has vowed to increase Government funding and support for the nation’s blockchain companies. According to Business Korea’s article published on September 21, 2018, the Government’s decision to boost support was to assist blockchain startups with current challenges and help drive growth to domestic blockchain industry.

2018-9-23 23:00


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Сhainalysis: Аргентина лидирует среди стран Латинской Америки по темпам роста крипторынка

По данным отчета аналитической компании Сhainalysis, Аргентина превзошла Бразилию, Мексику, Венесуэлу, а также остальные страны латиноамериканского региона по темпам роста криптовалютного рынка.

Chainalysis сообщает, что незаконная криптовалютная активность снизилась на 20%, но количество украденных средств резко возросло

Аналитики Chainalysis утверждают, что незаконная активность в сфере блокчейна снизилась почти на 20% с начала года, однако приток украденных средств и программ-вымогателей продолжает расти. По данным полугодового отчета аналитической компании Chainalysis, занимающейся блокчейном, незаконная деятельность в сфере криптовалют снизилась почти на 20% с начала года, что является позитивным признаком растущей легитимности сектора Несмотря на спад, […] Материал Chainalysis сообщает, что незаконная криптовалютная активность снизилась на 20%, но количество украденных средств резко возросло появился сначала на WHATTONEWS – Новости криптовалют.

Двое сенаторов предложили расширить полномочия Секретной службы в борьбе с криптопреступлениями

В начале августа группа сенаторов внесли в Конгресс США проект закона «О борьбе с отмыванием денег в киберпреступности», который может наделить Секретную службу расширенными полномочиями при расследовании преступлений, связанных с криптовалютами.