Funding round
Chainalysis Series D
Chainalysis, which works in blockchain intelligence solutions development in New York, raised $100M in a Series D round announced on 26 Mar 2021, led by Paradigm, at a $2.00B post-money valuation. 4 firms took part. It is Chainalysis' fifth venture round on record; the one before was a Series C in Nov 2020.
$100M
Amount raised
$2.00B
Post-money valuation
4
Investors
1 lead
2.0x
Step-up from the Series C
$1.00B in Nov 2020
5.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Chainalysis at $2.00B after the new money, 2.0 times the $1.00B of its Series C (Nov 2020). The $100M bought investors about 5.0% of the company. It came 4 months after Chainalysis' Series C. It is 19% of the $524M Chainalysis has raised in the venture rounds on record. Chainalysis raised again 3 months later: a Series E round of $100M in Jun 2021, at $4.20B 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 23 Nov 2020, led by Addition $100M$1.00B post-money
- Series D this round 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
Paradigm 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
221 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was close to the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 9 Mar 2021 | $200M | $3.20B | Tiger Global |
| Tech Companies | 24 Mar 2021 | $200M | $1.00B | KKR |
| Tech Companies | 22 Mar 2021 | $150M | $1.00B | Coatue |
| Uniphore Tech Companies | 31 Mar 2021 | $140M | not disclosed | Sorenson Capital Partners |
| Tech Companies | 1 Mar 2021 | $130M | $760M | Canapi Ventures |
| Tech Companies | 30 Mar 2021 | $125M | $2.10B | D1 Capital Partners |
| Job&Talent Tech Companies | 10 Mar 2021 | $119M | not disclosed | not named |
| PayFit Tech Companies | 17 Mar 2021 | $107M | not disclosed | Eurazeo and Bpifrance |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Chainalysis raise in its Series D round?
Chainalysis raised $100M in its Series D round, announced in Mar 2021.
Who led Chainalysis' Series D round?
Paradigm led it, with TIME Ventures, Addition and Ribbit.
What was Chainalysis' valuation at the Series D round?
$2.00B post-money.
How does it compare with other Series D rounds in Tech Companies?
221 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was close to the median.
Did Chainalysis raise again after this round?
Yes: a Series E round in Jun 2021 of $100M at $4.20B post-money.