Funding round
Chainalysis Series B
Chainalysis, which works in blockchain intelligence solutions development in New York, raised $36M in a Series B round announced on 16 Apr 2019, led by Accel. 4 firms took part. It is Chainalysis' third venture round on record; the one before was a Series A in Apr 2018.
$36M
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 12 months after Chainalysis' Series A. It is 6.9% of the $524M Chainalysis has raised in the venture rounds on record. Chainalysis raised again 19 months later: a Series C round of $100M in Nov 2020, at $1.00B post-money.
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 5 Apr 2018, led by Benchmark $16M
- Series B this round 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
Accel led the round with 3 other firms.
Lead investor
- Accel backs 581 venture-backed companies new investor
Also in the round
- Benchmark new investor
- MUFG Innovation Partners new investor
- backs 39 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing, scaling operations and working capital.
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
508 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $21M, and this round was 1.7 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| SambaNova Tech Companies | 1 Apr 2019 | $150M | not disclosed | Intel Capital |
| Harness Tech Companies | 23 Apr 2019 | $60M | $500M | Institutional Venture Partners and GV |
| Tech Companies | 17 Apr 2019 | $41M | not disclosed | not named |
| Tech Companies | 29 Apr 2019 | $37M | not disclosed | Spark Capital |
| Tech Companies | 1 Apr 2019 | $35M | not disclosed | Viola Ventures |
| Tech Companies | 30 Apr 2019 | $34M | $161M | Summit Partners |
| Tech Companies | 29 Apr 2019 | $31M | not disclosed | Goldman Sachs Investment Partners |
| Aidoc Tech Companies | 17 Apr 2019 | $27M | not disclosed | Square Peg |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Chainalysis raise in its Series B round?
Chainalysis raised $36M in its Series B round, announced in Apr 2019.
Who led Chainalysis' Series B round?
Accel led it, with Benchmark, MUFG Innovation Partners and Sozo Ventures.
What was Chainalysis' valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
508 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $21M, and this round was 1.7 times the median.
Did Chainalysis raise again after this round?
Yes: a Series C round in Nov 2020 of $100M at $1.00B post-money.