Funding round
Chainalysis Series E
Chainalysis, which works in blockchain intelligence solutions development in New York, raised $100M in a Series E round announced on 24 Jun 2021, led by Coatue, at a $4.20B post-money valuation. 13 firms took part. It is Chainalysis' sixth venture round on record; the one before was a Series D in Mar 2021.
$100M
Amount raised
$4.20B
Post-money valuation
13
Investors
1 lead
2.1x
Step-up from the Series D
$2.00B in Mar 2021
2.4%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Chainalysis at $4.20B after the new money, 2.1 times the $2.00B of its Series D (Mar 2021). The $100M bought investors about 2.4% of the company. It came 3 months after Chainalysis' Series D. It is 19% of the $524M Chainalysis has raised in the venture rounds on record. Chainalysis raised again 11 months later: a Series F round of $170M in May 2022, at $8.60B 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 26 Mar 2021, led by Paradigm $100M$2.00B post-money
- Series E this round 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
Coatue led the round with 12 other firms.
Lead investor
- Coatue backs 229 venture-backed companies new investor
Also in the round
- Benchmark new investor
- Accel backs 581 venture-backed companies new investor
- Addition new investor
- Dragoneer Investment Group backs 82 venture-backed companies new investor
- Durable Capital Partners backs 39 venture-backed companies new investor
- 9Yards Capital new investor
- Altimeter backs 67 venture-backed companies new investor
- Blackstone backs 83 venture-backed companies new investor
- GIC backs 98 venture-backed companies new investor
- Pictet new investor
- Sequoia Heritage new investor
- SVB Capital new investor
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
119 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $138M, and this round was 72% of the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Gong Tech Companies | 3 Jun 2021 | $250M | $7.25B | Franklin Templeton |
| Tech Companies | 10 Jun 2021 | $220M | $2.10B | SoftBank Vision Fund |
| Wellhub Tech Companies | 29 Jun 2021 | $220M | $2.20B | not named |
| project44 Tech Companies | 1 Jun 2021 | $202M | $1.20B | Goldman Sachs Asset Management and Emergence Capital |
| Tech Companies | 15 Jun 2021 | $200M | $2.00B | Silver Lake |
| Tech Companies | 29 Jun 2021 | $125M | $1.00B | Goldman Sachs Asset Management |
| Tech Companies | 16 Jun 2021 | $100M | $1.00B | Insight Partners |
| Tech Companies | 24 Jun 2021 | $100M | not disclosed | LLR Partners |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Chainalysis raise in its Series E round?
Chainalysis raised $100M in its Series E round, announced in Jun 2021.
Who led Chainalysis' Series E round?
Coatue led it, with Benchmark, Accel, Addition, Dragoneer Investment Group and Durable Capital Partners and 7 more.
What was Chainalysis' valuation at the Series E round?
$4.20B post-money.
How does it compare with other Series E rounds in Tech Companies?
119 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $138M, and this round was 72% of the median.
Did Chainalysis raise again after this round?
Yes: a Series F round in May 2022 of $170M at $8.60B post-money.