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Chainalysis Revenue, Valuation, Funding & Investors
Chainalysis is valued at $8.6B as of May 2022.
Last Chainalysis valuation
$8.6B
Series F · May 2022
Last Chainalysis funding round
$170M
Series F · May 2022
Chainalysis revenue
$190M
Series E · Jun 2021
Key investors in Chainalysis
Accel
Benchmark
Ribbit Capital
Techstars
FundersClub
Digital Currency Group
About Chainalysis
Chainalysis is a New York-headquartered provider of blockchain analytics and anti-money laundering software for cryptocurrency businesses. Its REACTOR tool supports investigations by visualizing data and attributing activities. The KYT API delivers transaction risk scoring based on fund sources and destinations. Additional offerings include activity reports, due diligence tools, and deep web cyber threat intelligence for financial institutions and law enforcement.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B & B2G
Revenue model
Subscription
Revenue
$190M (Jun 2021)
Valuation
$8.6B (May 2022)
Chainalysis Valuation
Chainalysis is currently valued at $8.6B, based on its Series F in May 2022.
The $170M round was led by GIC, with participation from BNY Mellon, Dragoneer, Blackstone, Emergence Capital, Premji Invest and 3 other investors.
Chainalysis' valuation has grown 32x from $266M at its Series B in April 2019 to $8.6B in May 2022, across 6 priced rounds.
Chainalysis valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| May 2022 | Series F | $8.6B | - |
| Jun 2021 | Series E | $4.2B | 22.1x |
| Mar 2021 | Series D | $2B | 10.5x |
| Nov 2020 | Series C | $1.1B | - |
| Jul 2020 | Series B | $246M | 7.0x |
| Apr 2019 | Series B | $266M | 1.4x |
Chainalysis Revenue
Chainalysis' latest recorded revenue is $190M, as of its Series E in June 2021. At a $4.2B valuation, that implies a 22.1x revenue multiple.
Revenue moved from $190M in April 2019 to $190M in June 2021, while the revenue multiple moved from 1.4x to 22.1x.
Chainalysis revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jun 2021 | $190M | $4.2B | 22.1x | Series E |
| Mar 2021 | $190M | $2B | 10.5x | Series D |
| Jul 2020 | $35M | $246M | 7.0x | Series B |
| Apr 2019 | $190M | $266M | 1.4x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Chainalysis Funding History
Chainalysis has raised a total of $537M across 9 funding rounds.
Chainalysis' first fundraising round was a $2M seed round in February 2016. The most recent completed round was a $170M Series F in May 2022.
Chainalysis funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2022 | Series F | GIC (lead); BNY Mellon; Dragoneer; Blackstone; Emergence Capital; Premji Invest; FundersClub; Accel; SeedersClub | $170M | $8.6B | Chainalysis is a New York-based blockchain data platform providing data, software, services, and research to government agencies, exchanges, financial institutions, insurance, and cybersecurity companies across over 70 countries. Its tools support investigations, compliance, and market intelligence, aiding in solving high-profile crypto crimes and enabling safe consumer access to cryptocurrency. The company positions itself as the largest enterprise SaaS firm in the cryptocurrency industry, with a stable business model amid rising demand for trust and safety solutions. In May 2022, Chainalysis raised $170 million in a Series F round led by GIC, Singapore's sovereign wealth fund, achieving a post-money valuation of $8.6 billion, more than doubling from its prior $4.2 billion Series E valuation. Existing investors Accel, Blackstone, Dragoneer Investment Group, and FundersClub participated alongside new investors BNY Mellon and Emergence Capital. This brought total funding to over $536 million. The round occurred despite crypto market volatility, highlighting investor confidence in crypto infrastructure and compliance. Chainalysis reported strong traction, growing its customer base by 75% over the prior year to more than 750 customers, with significant expansion in private sector and financial services clients. The number of customers generating over $100k in annual recurring revenue rose 75% to 150, and staff doubled to 700 employees. Funds will support product innovation, global operations scaling, and APAC expansion via offices in Singapore and Tokyo. The investment underscores Chainalysis' role in a high-interest VC sector for crypto compliance tools, competing with firms like Blockdaemon amid regulatory buildout. GIC's CIO praised its SaaS stability in crypto, and CEO Michael Gronager emphasized APAC growth and mainstream crypto adoption via NFTs and institutional entry. |
| Jun 2021 | Series E | Coatue (lead) | $100M | $4.2B | Chainalysis is a blockchain forensics and data platform that enables government agencies and private sector organizations to detect and prevent cryptocurrency crime and money laundering. The company provides investigations and compliance software tools, along with direct API access to blockchain data for financial institutions, government agencies, and cryptocurrency exchanges to manage risks and make informed decisions about digital assets. In June 2021, Chainalysis completed a Series E funding round of $100 million led by Coatue Management, bringing the company's post-money valuation to $4.2 billion. Previous investors including Benchmark, Accel, Addition, Dragoneer, Durable Capital Partners, and 9Yards Capital participated alongside new investors Altimeter, Blackstone, GIC, Pictet, Sequoia Heritage, and SVB Capital. By May 2022, the company raised an additional $170 million Series F financing led by GIC at an $8.6 billion valuation, demonstrating strong momentum as enterprise demand for cryptocurrency compliance solutions expanded globally among traditional financial institutions, fintech platforms, and cryptocurrency exchanges entering the space. |
| Mar 2021 | Series D | Paradigm (lead); Addition; Ribbit Capital; Buck Stash; 9Yards Capital; Time Ventures | $100M | $2B | Chainalysis is a blockchain data platform founded in 2013 that provides investigations and compliance software for detecting and preventing cryptocurrency crime and money laundering. The company serves government agencies (including the Department of Defense, FBI, and IRS), financial institutions, centralized exchanges, DeFi protocols, tax agencies, and other enterprises with its suite of products including Reactor, KYT, and Kryptos. It operates on a SaaS model pricing based on company size, number of seats, and data requirements, starting at roughly $10K per seat. In March 2021, Chainalysis completed a Series D funding round raising $100 million at a valuation of over $2 billion, led by Paradigm with participation from TIME Ventures (Marc Benioff's investment fund) and previous investors Addition and Ribbit. By 2023, Chainalysis had achieved $190 million in ARR, representing 35% year-over-year growth from $140 million in 2022, with government contracts becoming the dominant revenue stream by that period. |
| Nov 2020 | Series C | Addition (lead); Benchmark; Toy Ventures; Ribbit Capital; 9Yards Capital; Accel | $100M | $1.1B | Chainalysis is a New York-based blockchain analysis firm providing software for cryptocurrency transaction investigations, compliance, and risk management to governments, financial institutions, and businesses. On November 23, 2020, it raised $100 million in its Series C round led by Addition, with participation from prior investors Accel, Benchmark, and Ribbit Capital, achieving unicorn status with a valuation reported as over $1 billion or at $1 billion. The funds were intended to support global expansion, including new offices in Singapore and Tokyo, and scaling its platform amid growing demand for blockchain intelligence. The company reported strong traction leading into the round, with a 65% increase in customers and 100% growth in recurring revenue in Q3 2020 compared to Q3 2019. It served government agencies in over 30 countries and 250 business clients, assisting in high-profile cases like the Twitter hack and terror financing disruptions. This Series C followed prior raises including a $49 million Series B in July 2020 and built momentum toward subsequent rounds, such as a $100 million Series D in March 2021 at over $2 billion valuation led by Paradigm. Chainalysis positioned itself as foundational infrastructure for the blockchain ecosystem, focusing on compliance and investigative insights as cryptocurrency adoption grew. |
| Jul 2020 | Series B | Ribbit Capital (lead); Sound Ventures (lead) | $13M | $246M | Chainalysis provides blockchain analysis software, including Chainalysis Reactor for investigations, Chainalysis KYT for transaction monitoring, and Chainalysis Kryptos for compliance, serving government agencies and private sector customers across multiple countries. The company expanded its Series B round by $13 million from Ribbit Capital and Sound Ventures around July 2020, bringing the total Series B to $49 million after an initial $36 million from Accel, Benchmark, MUFG, and Sozo Ventures. This extension supported growth in government relationships, hiring software engineers and sales roles, and uniting public and private sectors in the cryptocurrency ecosystem. At that time, Chainalysis reported nearly 400% growth in revenue from new government customers over the past year and usage of its compliance products by over 180 private sector customers in 44 countries. The Series B round had a post-money valuation of $246 million. Ribbit Capital's Sigal Mandelker joined as an advisor to aid in government and fintech strategy. |
| Apr 2019 | Series B | MUFG Innovation Partners (lead); Sozo Ventures (lead); SV Angel | $6M | $266M | Chainalysis is a New York-based blockchain intelligence platform founded in 2014 that provides data, software, and services to detect and investigate cryptocurrency money laundering, fraud, and compliance violations for financial institutions, exchanges, governments, and law enforcement. The company offers tools like Know Your Transaction (KYT) analytics using machine learning to trace transactions across blockchains. In April 2019, Chainalysis raised $6 million from MUFG Innovation Partners and Sozo Ventures as part of its Series B round, which totaled $36 million including a prior $30 million tranche led by Accel and Benchmark, and later expanded to $49 million with additional investors like Ribbit Capital and Sound Ventures. This funding supported global expansion, including plans for a Japan office and growth in Asia-Pacific where client numbers doubled and contracted revenue increased 16-fold in the prior year. Chainalysis served over 100 financial institutions and exchanges, partnering with major players like Binance, and aided law enforcement investigations. The investment aligned with rising demand for blockchain analysis amid crypto exchange growth and regulatory needs in Japan and Asia. |
| Feb 2019 | Series B | Accel (lead); Benchmark | $30M | - | Chainalysis is a leading provider of cryptocurrency compliance and investigation solutions, offering tools like Chainalysis KYT for real-time anti-money laundering and transaction monitoring across blockchains including Bitcoin, Ether, Litecoin, Bitcoin Cash, and stablecoins. The company secured a $30 million Series B financing round led by Accel, with Benchmark increasing its investment following its lead in the prior $16 million Series A round in April 2018. Accel's investment was driven by partners Amit Kumar and Philippe Botteri, who joined the board. The funding was announced around February 2019 and will support strategic product development, including expansions like KYT for stablecoins with clients such as Paxos and TrustToken, and opening a London office as a hub for R&D and regional expansion into Europe, the U.S., and Asia. Over 100 financial institutions and exchanges, including Binance, adopted Chainalysis KYT to automate transaction screening and user activity monitoring. The round followed Chainalysis's annual crypto crime report, highlighting its role in building trust in cryptocurrency markets amid growing stablecoin market cap exceeding $3 billion. Chainalysis has seen significant traction, positioning itself as the industry benchmark for blockchain analysis and compliance, with expectations of steep growth. Benchmark's Sarah Tavel emphasized doubling down on the firm's technology to encourage broader cryptocurrency participation. Subsequent rounds include a Series E in 2021 at $4.2 billion valuation and Series F in 2022 at $8.6 billion, with total funding reaching $536.6 million. |
| Apr 2018 | Series A | Benchmark (lead); CVP Management; Digital Currency Group; Techstars; SeedersClub | $16M | - | Chainalysis provides blockchain analytics and cryptocurrency investigation tools to help regulated institutions understand transaction origins and comply with traditional requirements in the crypto space. The company announced a $16 million Series A funding round in April 2018 led by Benchmark, with participation from investors including Converge Venture Partners, FundersClub, and Digital Currency Group. This followed a $1.6 million seed round in February 2016. The funding supported expansion of operations, new market reach, and development of products for financial institutions and additional cryptocurrencies. Benchmark partner Sarah Tavel, who led the deal, highlighted Chainalysis as a core compliance solution for the cryptocurrency industry. |
| Feb 2016 | Seed | Point Nine (lead); CVP Management; Digital Currency Group; FundersClub; Techstars; Converge | $2M | - | - |
Who has invested in Chainalysis?
27 investors have backed Chainalysis across its funding rounds, including Accel, Benchmark, Ribbit Capital, Techstars, FundersClub and Digital Currency Group.
Lead investors include GIC, Coatue, Paradigm, Addition, Ribbit Capital and 6 other investors.
Chainalysis Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Apr 2018 | ||
| 3 | Lead | Jul 2020 | ||
| 3 | Lead | Feb 2019 | ||
| 2 | Participant | Feb 2016 | ||
| 2 | Participant | Feb 2016 | ||
| 2 | Lead | Nov 2020 | ||
| 2 | Participant | Feb 2016 | ||
| 2 | Participant | Feb 2016 | ||
| 2 | Participant | Nov 2020 | ||
| 2 | Participant | Apr 2018 | ||
| 1 | Lead | Apr 2019 | ||
| 1 | Participant | May 2022 | ||
| 1 | Participant | May 2022 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Chainalysis
Chainalysis has acquired 6 companies to date.
Last acquisition by Chainalysis was on July 6th 2026. Chainalysis acquired Finisterra Labs for undisclosed valuation.
Latest Acquisitions by Chainalysis
| Description | - | Once Upon is an online analytics platform that tracks real-time blockchain transactions and wallet activities across multiple networks. It specializes in monitoring gaming-related on-chain events, including NFT mints and token transfers in play-to-earn ecosystems. The tool provides customizable dashboards for developers and traders to visualize gas fees, contract interactions, and liquidity flows. Headquartered in Seoul, South Korea, Once Upon launched in 2022 and integrates with Ethereum, Polygon, and Solana blockchains. | Alterya is a software development company building secure web3 access solutions for enterprises. It provides compliant infrastructure for decentralized applications, including wallet integrations, blockchain APIs, and zero-knowledge proof systems tailored for regulated industries. Based in Europe, Alterya focuses on bridging traditional finance with blockchain through tools that ensure KYC/AML compliance and data privacy. The platform supports multiple chains like Ethereum and Polygon, enabling seamless onboarding for institutional users without compromising security. | Hexagate is a Web3 security platform protecting protocols, decentralized applications, and asset managers from exploits, hacks, governance breaches, and financial threats. The enterprise-grade tools monitor on-chain activities, detect anomalies, and enforce compliance in blockchain environments. | |
| HQ Country | - | ||||
| HQ City | - | Syracuse, NY | Tel Aviv | Tel Aviv | |
| Deal Date | 6 Jul 2026 | 23 Jun 2025 | 13 Jan 2025 | 18 Dec 2024 | |
| Valuation | undisclosed | undisclosed | $150M | $60M | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
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Chainalysis Competitors
Chainalysis competitors include listed companies like Mitek Systems, Qihoo 360 and SentinelOne, and private ones like OneTrust, Vanta and Safe Superintelligence.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $400M | - | $4.5B | 11.3x | ||
| Private | $220M | - | $4.2B | 18.9x | ||
| Private | - | - | $32B | - | ||
| Publicly listed | $180M | $37M | $781M | 3.7x | ||
| Publicly listed | $1.3B | $70M | $9B | 4.7x | ||
| Publicly listed | $1B | ($267M) | $8.1B | 6.6x |
Chainalysis Public Comps
Chainalysis is still privately-owned, but its public comps include Qihoo 360, SentinelOne, Netskope, CommVault Systems, Qualys, SailPoint, Glory View Technology, Varonis Systems, Trend Micro and BlackBerry.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.3B | $70M | 4.8x | 4.7x | 88.8x | (385.3x) | |||
| $1B | ($267M) | 7.4x | 6.6x | (27.7x) | 47.1x | |||
| $709M | ($622M) | 9.4x | 8.1x | (10.8x) | (121.6x) | |||
| $1.2B | $84M | 5.2x | 5.0x | 72.9x | 23.2x | |||
| $669M | $236M | 8.7x | 8.1x | 24.5x | 17.6x | |||
| $1.1B | ($101M) | 10.5x | 9.4x | (110.8x) | 48.3x | |||
| $176M | $53M | 38.7x | 39.4x | 127.8x | 129.4x | |||
| $624M | ($147M) | 8.5x | 7.5x | (36.0x) | 229.5x | |||
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Common questions about Chainalysis
| When was Chainalysis founded? | Chainalysis was founded in 2014. |
| Where is Chainalysis headquartered? | Chainalysis is headquartered in New York City, NY, United States. |
| Is Chainalysis publicly listed? | No, Chainalysis is a private, VC-backed company. |
| What is Chainalysis' valuation? | Chainalysis was last valued at $8.6B in its Series F in May 2022. |
| How much funding has Chainalysis raised? | Chainalysis has raised $537M across 9 funding rounds. |
| What was Chainalysis' last funding round? | Chainalysis' last funding round was a $170M Series F in May 2022, led by GIC. |
| Who are Chainalysis' investors? | Chainalysis' investors include Benchmark, Ribbit Capital, Accel, CVP Management, Digital Currency Group, Addition, FundersClub, Techstars, 9Yards Capital, SeedersClub and 17 others. |
| What is Chainalysis' revenue? | Chainalysis' latest recorded revenue is $190M (June 2021). |
| What is Chainalysis' revenue multiple? | Chainalysis' latest valuation implies a 22.1x revenue multiple ($4.2B valuation on $190M of revenue). |
| Which companies are comparable to Chainalysis? | Companies comparable to Chainalysis include OneTrust, Vanta, Safe Superintelligence, Mitek Systems, Qihoo 360 and SentinelOne. |
| How many companies has Chainalysis acquired? | Chainalysis has acquired 6 companies, including Finisterra Labs, Once Upon, Alterya, Hexagate and Transpose. |
| What was the largest acquisition by Chainalysis? | The $150M acquisition of Alterya in January 2025 is the largest acquisition Chainalysis has made to date. |
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