Cryptocurrency crimefighter, Chainalysis has raised $100 million in a Series D round that values it at $2 billion. The private valuation comes barely four months after the NY company attained the ‘unicorn’ title for the first time when it collected $100 million in a Series C financing back in November.
Behind the latest cash injection was Paradigm, a crypto-focused investment firm based in San Francisco. It was also joined by previous investors Ribbit and Addition, a new venture capital firm led by Lee Fixel, a former top investor at Tiger Global Management.
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Chainalysis also raised an additional $13 million in July 2020 to expand the company’s Series B round to $49 million. The company has initially nabbed a $30 million investment in February 2019, led by venture firm Accel, a growth-stage venture capital firm, then raised a further $6 million from two major Japanese investors in April.
“Paradigm is passionate about investing in companies that enable the future of money. Chainalysis provides key data infrastructure and software for the cryptocurrency ecosystem, and as cryptocurrency adoption grows, so will demand for Chainalysis offerings,” said Fred Ehrsam, Co-founder at Paradigm.
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The 75-person startup, which has offices in New York, Washington DC and Copenhagen, provides financial institutions, cryptocurrency exchanges and law enforcement with a platform to detect and investigate cryptocurrency money laundering, fraud and compliance violations.
Additionally, Chainalysis is…