Crypto boom continues as Chainalysis raises $100M, doubles valuation to over $2B

Chainalysis, a blockchain analysis company, announced Friday it has closed on $100 million in Series D financing, doubling its valuation to over $2 billion.

The round comes just four months after the company secured a $100 million Series C round at a $1 billion valuation. Paradigm led the latest funding event while existing backers Addition and Ribbit doubled down on their investment in the company. TIME Ventures, Marc Benioff’s investment fund, also participated in the latest financing, which brings Chainalysis’ total raised to $265 million.

This latest round marks Chainalysis’ fourth raise in less than two years.

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Source: Crypto boom continues as Chainalysis raises $100M, doubles valuation to over $2B