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    Home » Chainalysis has raised $ 30 million for further expansion

    Chainalysis has raised $ 30 million for further expansion

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    By BlockchainJournal on February 12, 2019 News
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    New York-based analytical blockchain-startup Chainalysis successfully closed a round of financing for Series B, led by venture capital firm Accel Partners, and raised $ 30 million.

    We have led you to get a quote on the issue of a cryptocurrency ! Read more: https://t.co/0Rn2li4wkO

    – Chainalysis (@chainalysis) February 12, 2019

    Thus, cumulative investment in Chainalysis amounted to $ 48 million. The company intends to use the funds raised for further product development, as well as opening a research branch in the UK.

    At the same time, some analysts believe that such intensive funding will allow Chainalysis to acquire several startups to create its own ecosystem.

    It is noteworthy that the company does not disclose the investment assessment after the closing of the round.

    Note that more than 100 financial organizations use the services of Chainalysis, which provides not only transaction analytics in various blockchains, but also AML-tools.

    Due to the boom of steyblcoins in 2018, the company managed to quadruple its revenues by selling AML products.

    Recall that in the summer of 2018, the round of financing for Series A was led by Benchmark. Then Chainalysis raised $ 16 million and launched a real-time transaction analysis tool.

    We add that in the last round Benchmark also participated.

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