Chainalysis has raised $100 million in new funding and is plotting growth in the UK.
Headquartered in New York, the blockchain data platform currently employs 73 people in the UK, with 14 open roles, after hiring 23 staff already this year.
The company, which is valued at $4.2 billion after the Series E financing, plans to create another 15-plus roles this year.
The round was led by Coatue, while previous investors Benchmark, Accel, Addition, Dragoneer, Durable Capital Partners and 9Yards Capital increased their investment in the company.
Altimeter, Blackstone, GIC, Pictet, Sequoia Heritage and SVB Capital also participated.
Chainalysis aims to build trust in the cryptocurrency industry as the leading provider of investigations and compliance software that enables government agencies and private sector businesses across the world to detect and prevent cryptocurrency crime and money laundering.
Chainalysis claims to be the only company that has been systematically collecting information that links real world entities to blockchain transactions since 2013.
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The capital will be used to cover more cryptocurrencies and focus on emerging use cases like DeFi – decentralised finance – and launching a global intelligence function to more quickly identify warning signs for potential threats and reduce time to response.
It will also develop collaboration tools to allow public and private sector teams to work together from the same data set with a consistent, shared understanding, and provide direct access to Chainalysis data through APIs so that government agencies, financial institutions and cryptocurrency exchanges can combine it with information from within their enterprises to make better decisions.
“The future of finance and national security will be based on blockchain data-driven decisions,” said Michael Gronager, co-founder and CEO.
“We’ve harnessed the transparency of blockchains to provide actionable insights into markets, threats, and business opportunities.
“Our partners at Coatue understand the power of our vision for the Chainalysis data platform and the software, access, and services it powers.”
Kris Fredrickson, Managing Partner at Coatue, added: “Chainalysis’s data platform is core infrastructure which helps to create a safe and thriving cryptocurrency market.
“As cryptocurrency adoption grows, we believe that financial institutions, government agencies, and cryptocurrency businesses will increasingly deploy Chainalysis’s platform to make important decisions – from figuring out the best way to dismantle the operations of a threat actor to deciding which new cryptocurrency products are likely to drive the most demand.”
Chainalysis is hiring hundreds of new positions across all functions to continue its global expansion.
Cryptocurrency