Funding round
Chainalysis Series C
Chainalysis, which works in blockchain intelligence solutions development in New York, raised $100M in a Series C round announced on 23 Nov 2020, led by Addition, at a $1.00B post-money valuation. 4 firms took part. It is Chainalysis' fourth venture round on record; the one before was a Series B in Apr 2019.
$100M
Amount raised
$1.00B
Post-money valuation
4
Investors
1 lead
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Chainalysis at $1.00B after the new money. The $100M bought investors about 10% of the company. It came 19 months after Chainalysis' Series B. It is 19% of the $524M Chainalysis has raised in the venture rounds on record. Chainalysis raised again 4 months later: a Series D round of $100M in Mar 2021, at $2.00B 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 16 Apr 2019, led by Accel $36M
- Series C this round 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
Addition led the round with 3 other firms.
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
425 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $54M, and this round was 1.9 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Medable Tech Companies | 19 Nov 2020 | $91M | not disclosed | Sapphire Ventures |
| Tech Companies | 1 Nov 2020 | $77M | $706M | BOND |
| Verbit Tech Companies | 19 Nov 2020 | $60M | not disclosed | Sapphire Ventures |
| Tech Companies | 9 Nov 2020 | $50M | not disclosed | Tencent and Legal & General |
| Tech Companies | 18 Nov 2020 | $48M | not disclosed | not named |
| Tech Companies | 24 Nov 2020 | $45M | not disclosed | Lead Edge Capital |
| Tech Companies | 11 Nov 2020 | $33M | not disclosed | Silversmith Capital Partners |
| Tech Companies | 1 Nov 2020 | $27M | not disclosed | Jerusalem Venture Partners and K1 Investment Management |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Chainalysis raise in its Series C round?
Chainalysis raised $100M in its Series C round, announced in Nov 2020.
Who led Chainalysis' Series C round?
Addition led it, with Accel, Benchmark and Ribbit.
What was Chainalysis' valuation at the Series C round?
$1.00B post-money.
How does it compare with other Series C rounds in Tech Companies?
425 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $54M, and this round was 1.9 times the median.
Did Chainalysis raise again after this round?
Yes: a Series D round in Mar 2021 of $100M at $2.00B post-money.