Funding round
Chainalysis Series F
Chainalysis, which works in blockchain intelligence solutions development in New York, raised $170M in a Series F round announced on 12 May 2022, led by GIC, at a $8.60B post-money valuation. 7 firms took part. It is Chainalysis' seventh venture round on record; the one before was a Series E in Jun 2021.
$170M
Amount raised
$8.60B
Post-money valuation
7
Investors
1 lead
2.0x
Step-up from the Series E
$4.20B in Jun 2021
2.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Chainalysis at $8.60B after the new money, 2.0 times the $4.20B of its Series E (Jun 2021). The $170M bought investors about 2.0% of the company. It came 11 months after Chainalysis' Series E. It is 32% of the $524M Chainalysis has raised in the venture rounds on record. No later venture round is on record for Chainalysis.
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 24 Jun 2021, led by Coatue $100M$4.20B post-money
- Series F this round 12 May 2022, led by GIC $170M$8.60B post-money
Investors
Who put money in
GIC led the round with 6 other firms.
Lead investor
- GIC backs 98 venture-backed companies new investor
Also in the round
- Accel backs 581 venture-backed companies new investor
- Blackstone backs 83 venture-backed companies new investor
- Dragoneer Investment Group backs 82 venture-backed companies new investor
- backs 107 venture-backed companies new investor
- Bank of New York Mellon new investor
- backs 96 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
37 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $170M, and this round was close to the median. The closest in time, other companies' Series F rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Motive Tech Companies | 25 May 2022 | $150M | $2.85B | Insight Partners and Kleiner Perkins |
| Salsify Tech Companies | 13 Apr 2022 | $200M | $2.00B | TPG |
| Devo Tech Companies | 2 Jun 2022 | $100M | $2.00B | Eurazeo |
| Tech Companies | 14 Jun 2022 | $83M | $1.10B | Silver Lake Waterman |
| Contentsquare Tech Companies | 21 Jul 2022 | $600M | $5.60B | Sixth Street |
| Bloomreach Tech Companies | 23 Feb 2022 | $175M | $2.20B | Goldman Sachs Asset Management and Goldman Sachs |
| Highspot Tech Companies | 13 Jan 2022 | $248M | $3.50B | B Capital and D1 Capital Partners |
| Clari Tech Companies | 19 Jan 2022 | $225M | $2.60B | Blackstone |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Chainalysis raise in its Series F round?
Chainalysis raised $170M in its Series F round, announced in May 2022.
Who led Chainalysis' Series F round?
GIC led it, with Accel, Blackstone, Dragoneer Investment Group, FundersClub and Bank of New York Mellon and 1 more.
What was Chainalysis' valuation at the Series F round?
$8.60B post-money.
How does it compare with other Series F rounds in Tech Companies?
37 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $170M, and this round was close to the median.