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Chainalysis Expects To Raise $100 Million Venture Capital At $1 Billion Valuation
Summary: Cryptocurrency investigation firm Chainalysis expects to raise $100 million venture capital at a $1 billion valuation as soon as next week, the firm confirmed with Forbes. Accel, Benchmark, and Ribbit have already invested in Chainalysis and in series C investing the firm expects to add venture capital firm Addition which was recently founded by Tiger Global alum ...
Cryptocurrency investigation firm Chainalysis expects to raise $100 million venture capital at a $1 billion valuation as soon as next week, the firm confirmed with Forbes.
Accel, Benchmark, and Ribbit have already invested in Chainalysis and in series C investing the firm expects to add venture capital firm Addition which was recently founded by Tiger Global alum Lee Fixel.
hainalysis CEO and co-founder Michael Gronager stated that Chainalysis has increased its revenue by 96% this past year. Over the course of next year and 2022 Chainalysis expects to double revenue again and again.
The firm this year helped the US Department of Justice locate more than $1 billion worth of Bitcoin and other cryptocurrencies and the company now has 350 total customers including state governments and private institutions.
By Emily Mason
Tags: Addition,Blockchain Tracking,chainanalysis,Cryptocurrency
Link: Chainalysis Expects To Raise $100 Million Venture Capital At $1 Billion Valuation [Copy]
