– Sequence F Financing Led by GIC with Participation from New and Earlier Traders –
NEW YORK, Might 12, 2022 — Chainalysis, the blockchain knowledge platform, as we speak introduced a $170 million Sequence F financing led by GIC, Singapore’s sovereign wealth fund, 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. Chainalysis is now the most important enterprise SaaS firm within the cryptocurrency trade, and will use the funds to proceed to spend money on product innovation and scale its international operations to meet buyer demand because the asset class positive factors mainstream acceptance.
Whereas authorities our bodies have lengthy realized the significance of blockchain knowledge and evaluation, previously 12 months the demand for threat administration and enterprise intelligence options from exchanges and DeFi platforms scaling their companies and monetary establishments coming into the cryptocurrency house reached new highs.
Over the previous 12 months, Chainalysis has:
- Elevated its buyer rely by 75% and now has greater than 750 prospects in 70 international locations.
- Doubled its personal sector buyer base and tripled its monetary companies buyer base, and now counts greater than 100 monetary establishments as prospects.
- Elevated the variety of prospects that account for greater than $100k in annual recurring income by 75% to 150 prospects.
Business Momentum & Buyer Successes
Because the cryptocurrency trade has advanced and expanded since Chainalysis raised its E-Sequence financing in June 2021, the corporate has partnered with new forms of prospects together with NFT platforms like Dapper Labsfintech firms like robinhoodand conventional monetary establishments like the Financial institution of New York Mellon, Cross River Financial institutionand Commonwealth Financial institution (CBA) in Australia. Business grew throughout areas, with Asia Pacific specifically experiencing a breakout 12 months in 2021 and greater than doubling income and buyer rely. As the corporate scales, it has maintained a buyer satisfaction NPS rating of 80%+.
Chainalysis prospects additionally had enormous success disrupting prison exercise and recovering funds. In November 2021, the IRS Prison Investigations introduced that it had seized over $3.5 billion price of cryptocurrency in 2021 — all from non-tax investigations — representing 93% of all funds seized by the division throughout that point interval. Different successes embody the $2.3 million seized from the ransomware group behind the Colonial Pipeline assault, and OFAC’s sanctioning of two Russia-based cryptocurrency companies closely concerned in cash laundering.
Product Improvement
Chainalysis is constant to spend money on constructing out its knowledge platform to assist new and enhanced threat administration and enterprise intelligence instruments. Current enhancements embody:
- Deepened knowledge benefit: Blockchain evaluation instruments are solely nearly as good because the underlying dataset, and Chainalysis now affords intensive DeFi identifications together with 100% protection of the Prime 15 DEX liquidity swimming pools, and improved protection of lending and oracle protocols and yield-aggregators.
- Launched cross-chain graphing: With the rise within the variety of blockchains — and of sensible contracts that make them interoperable — Chainalysis Cross-Chain Investigations makes it simple for investigators to navigate this sophisticated ecosystem in a single graph.
- Expanded transaction monitoring capabilities: Chainalysis now screens on common $1 Trillion in transaction worth every month throughout all cryptocurrency belongings, enabling our prospects to extra shortly listing new belongings safely.
- Achieved SOC2 Sort II Certification: Chainalysis accomplished its second compliance audit for the KYT and Reactor merchandise, testifying to its profitable implementation of controls in each the Safety and Availability belief service standards.
Crew Development
Over the previous 12 months, Chainalysis has employed greater than 450 individuals, and now has over 700 staff. To assist the corporate’s continued progress and strengthen its operational features, Chainalysis just lately employed executives throughout features, together with:
- Sari Granat, President and Chief Working Officer: Granat was beforehand EVP, Chief Administrative Officer & Basic Counsel at IHS Markit, the place she led and scaled the information, analytics and know-how firm’s authorized, compliance, enterprise threat, data safety, and data know-how features by 10 years of progress and transformation.
- W. Thomas Stanley, President and Chief Income Officer: Stanley was beforehand CRO at Tanium, the place he drove hypergrowth to larger than $500M in ARR, whereas constructing out worldwide markets in addition to the companion gross sales group.
- Mikaela Smith, World VP of Expertise Acquisition: Smith has been centered on globally scaling firms by hypergrowth for the final 11 years at Slack and Twitter, launching and operationalizing modern diversity-focused packages whereas constructing out subsequent era Expertise features.
- Caroline Malcolm, Head of Worldwide Coverage: Malcolm joins after 12 years on the Group for Financial Co-operation and Improvement (OECD), most just lately because the Head of its World Blockchain Coverage Centre.
“Over the previous 12 months, the cryptocurrency trade crossed into the mainstream with monetary establishments coming into the house and new applied sciences like NFTs disrupting conventional markets,” mentioned Michael Gronager, Co-founder and CEO, Chainalysis. “Our companions at GIC perceive the ability of Chainalysis’ knowledge platform and buyer community, the energy of our staff of leaders, and the market alternative earlier than us. I am thrilled to deepen our relationship with their staff, particularly as we increase our enterprise within the APAC area.”
“Chainalysis is in a novel place of operating a SaaS enterprise within the cryptocurrency house due to the steadiness of its enterprise mannequin in addition to the rising demand for belief and security within the general trade,” mentioned Choo Yong Cheen, Chief Funding Officer of Private Fairness at GIC. He added, “We’re happy to increase our partnership and look ahead to their subsequent stage of progress.”
“Our funding in Chainalysis is a pure development of an already significant and productive alliance,” mentioned Roman Regelman, CEO of Securities Providers & Digital for BNY Mellon. “BNY Mellon is a pacesetter in monetary market innovation, and collaborating with established companies within the digital asset ecosystem, like Chainalysis, is a key pillar in our technique.”
Chainalysis has over 370 open positions throughout all features and geographies.
Chainalysis is internet hosting its annual Hyperlinks New York convention this week on Might 18 and 19. Register for the livestream right here.
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About Chainalysis
Chainalysis is the blockchain knowledge platform. We offer knowledge, software program, companies, and analysis to authorities businesses, exchanges, monetary establishments, and insurance coverage and cybersecurity firms in over 70 international locations. Our knowledge powers investigation, compliance, and market intelligence software program that has been used to clear up a few of the world’s most high-profile prison circumstances and develop client entry to cryptocurrency safely. Backed by Accel, Addition, Benchmark, Coatue, GIC, Paradigm, Ribbit, and different main companies in enterprise capital, Chainalysis builds belief in blockchains to promote extra monetary freedom with much less threat. For extra data, go to www.chainalysis.com.
Media Contact for Chainalysis:
maddie kennedy
Senior Director of Communications
media@chainalysis.com
