Chainalysis to Raise $100 Million at $1 Billion Valuation

 

Chainalysis valuation and growth are not common in the crypto space as the $1 billion valuation is quite rare and particular for a blockchain data analytics service firm.

Blockchain analysis company Chainalysis is set to increase its valuation to $1 billion following its next scheduled Series C funding round that will come as early as next. According to a report by Forbes, the new Chainalysis funding round is set to be led by Addition, a new Venture Capital firm founded by Lee Fixel. According to Forbes, the Series C funding round which is set to raise Chainalysis valuation to $1 billion will also be backed by the firm’s early investors including Ribbit Capital, Accel, and Benchmark. 

Chainalysis has seen impressive growth in the past years and though Chainalysis Co-Founder and Chief Executive Officer Michael Gronager declined to give a snapshot of the firm’s earnings and revenues, Forbes projected that Chainalysis raised about $8 million in revenues in 2018. From Gronager’s…


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