On 23 November 2020, New York-based blockchain analysis firm Chainalysis announced it raised $100 million in its Series C financing round, led by venture capital firm Addition. Other investors included Accel, Benchmark, and Ribbit, which participated in previous rounds. Chainalysis’ total value is now over $1 billion, gaining unicorn status.
The firm plans to use the extra capital to promote the global expansion of its network comprising various government agencies, financial institutions, and private businesses. In some ways, Chainalysis is like a new age audit firm where its reviews focus on cryptocurrency transactions and markets. The firm wishes to expand its presence in Australia and South Korea addintg to its recently opened Singapore and Tokyo offices.
“The firm’s data, technology, and network are foundational to the blockchain ecosystem,” said Lee Fixel, founder of Addition. “With impressive growth to date, the opportunity for continued global expansion as the preferred partners to governments and businesses seeking compliance and investigative insights is massive.”
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