{"id":283012,"date":"2021-06-24T20:46:11","date_gmt":"2021-06-24T17:46:11","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/chainalysis-raises-100m-in-series-e-funding-led-by-coatue\/"},"modified":"2021-06-24T20:46:11","modified_gmt":"2021-06-24T17:46:11","slug":"chainalysis-raises-100m-in-series-e-funding-led-by-coatue","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/chainalysis-raises-100m-in-series-e-funding-led-by-coatue\/","title":{"rendered":"# Chainalysis raises $100M in Series E funding led by Coatue"},"content":{"rendered":"

“# Chainalysis raises $100M in Series<\/a> E funding led by Coatue <\/strong>”
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Blockchain analytics company Chainalysis has secured $100 million in Series E financing, bringing its total valuation to a staggering $4.2 billion and highlighting once again the tremendous growth of the cryptocurrency industry.\u00a0<\/p>\n

The round was led by global investment manager Coatue, with additional participation from 9Yards Capital, Altimeter, Blackstone, GIC, Pictet, Sequoia Heritage and SVB Capital, Chainalysis announced<\/a> Thursday.<\/p>\n

Chainalysis said the funds will go toward expanding its blockchain data capabilities, which includes investing in new data tools, software and APIs. <\/p>\n

\u201cWe believe blockchain data is the asset that can help public and private sector organizations understand the risks and opportunities surrounding this asset class and promote its adoption safely and successfully,\u201d the company said. <\/p>\n

Chainalysis\u2019 valuation has more than doubled in the last quarter thanks to several strategic investments. As Cointelegraph reported, the company closed out a $100 million Series D round in March led by Paradigm, a crypto-focused investment firm. At the time, Chainalysis’ director of communications Maddie Kennedy told Cointelegraph that the funds will be used to expand the company\u2019s enterprise data offering.<\/p>\n

Related: <\/em><\/strong>Crypto-finance company Amber Group valued at $1B following $100M raise<\/em><\/strong><\/p>\n

Mega-million-dollar funding rounds have become commonplace in the cryptocurrency industry over the last six months. Venture firms have poured billions into crypto startups this year alone, with the likes of Andreessen Horowitz going a step further by announcing a new $2.2 billion crypto venture fund.<\/p>\n

What\u2019s more, dealmaking seems to be happ<\/a>ening irrespective of current market conditions, which marks an important evolution from the 2017 bull market that saw venture funding dry up once the initial coin offering mania\u00a0faded. <\/p>\n