Crypto Sleuthing Firm Chainalysis Raises $100M, This Time at $4.2B Valuation

Crypto Sleuthing Firm Chainalysis Raises $100M, This Time at $4.2B Valuation

Chainalysis has added another $100 million in venture capital as crypto's role in ransomware becomes a mainstream concern.

The firm announced Thursday that the Series E round of funding was led by Coatue Management and brings it valuation to $4.2 billion. Chainalysis also raised $100 million in a Series D funding round that was announced in March.

March's round, led by Fred Ehrsam's Paradigm, valued the blockchain tracking firm at $2 billion.