Deals
Chainalysis Taps Another $100 Million in White-Hot Crypto Market
- Valuation jumps to $4.2 billion from $2 billion in March
- Firm plans to expand its data offering with new money
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Chainalysis, the blockchain forensics firm, has raised $100 million from investors led by Coatue, valuing the company at $4.2 billion.
The New York-based firm plans to use the proceeds to expand its data offering to allow users to see market signals of when to buy or sell cryptocurrency or to alert customers like exchanges when their users may need to be investigated. The company has long wanted to expand into a data offering, Chief Executive Officer Michael Gronager said in an interview.