Blockchain Sleuth Chainalysis Reaches $4.2 Billion Valuation
Blockchain sleuth Chainalysis is now valued at $4.2 billion after raking in $100 million during its Series E funding round that was spearheaded by tech-focused investment manager Coatue.
The freshly injected capital will be deployed for covering a wider range of cryptocurrencies, including decentralized finance (DeFi) coins.
Chainalysis says that it will develop new software solutions for both public and private sector organizations.
In March, the company raised $100 million in Series D financing, which propelled its valuation to $2 billion.
Last November, Chainalysis became a unicorn following its Series C round.