Funding round
Chainalysis Series A
Chainalysis, which works in blockchain intelligence solutions development in New York, raised $16M in a Series A round announced on 5 Apr 2018, led by Benchmark. 4 firms took part. It is Chainalysis' second venture round on record; the one before was a Seed in Feb 2016.
$16M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Chainalysis did not disclose a valuation in this round. It came 26 months after Chainalysis' Seed. It is 3.1% of the $524M Chainalysis has raised in the venture rounds on record. Chainalysis raised again 12 months later: a Series B round of $36M in Apr 2019. Its next priced round, a Series C in Nov 2020, valued it at $1.00B.
Chainalysis' funding rounds
Chainalysis has 7 venture rounds on record. This one is highlighted.
- Seed 19 Feb 2016, led by Point Nine $1.6M
- Series A this round 5 Apr 2018, led by Benchmark $16M
- Series B 16 Apr 2019, led by Accel $36M
- Series C 23 Nov 2020, led by Addition $100M$1.00B post-money
- Series D 26 Mar 2021, led by Paradigm $100M$2.00B post-money
- Series E 24 Jun 2021, led by Coatue $100M$4.20B post-money
- Series F 12 May 2022, led by GIC $170M$8.60B post-money
Investors
Who put money in
Benchmark led the round with 3 other firms.
Lead investor
- Benchmark new investor
Also in the round
- backs 86 venture-backed companies new investor
- backs 388 venture-backed companies new investor
- backs 23 venture-backed companies new investor
Joined the board: Sarah Tavel (Benchmark).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
787 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.0M, and this round was 2.0 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 3 Apr 2018 | $191M | $1.30B | not named |
| Saviynt Tech Companies | 18 Apr 2018 | $40M | not disclosed | Carrick Capital Partners |
| Tech Companies | 24 Apr 2018 | $32M | not disclosed | Updata Partners |
| Tech Companies | 3 Apr 2018 | $22M | not disclosed | Bain Capital Ventures |
| Tech Companies | 10 Apr 2018 | $15M | not disclosed | Morgan Stanley |
| Tech Companies | 2 Apr 2018 | $13M | not disclosed | Sequoia Capital |
| Tech Companies | 5 Apr 2018 | $10M | not disclosed | Shasta Ventures |
| Tech Companies | 10 Apr 2018 | $10M | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Chainalysis raise in its Series A round?
Chainalysis raised $16M in its Series A round, announced in Apr 2018.
Who led Chainalysis' Series A round?
Benchmark led it, with Digital Currency Group, Techstars and Converge.
What was Chainalysis' valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
787 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.0M, and this round was 2.0 times the median.
Did Chainalysis raise again after this round?
Yes: a Series B round in Apr 2019 of $36M.