Blockchain Surveillance Startup Chainalysis Raises $100M

The 7-year-old startup provides data and compliance software that helps detect and prevent cryptocurrency crime and money laundering.

article-image

Chainalysis’ CEO Michael Gronager (left) and Co-founder and Chief Strategy Officer Jonathan Levin; Source: Chainalysis

share

key takeaways

  • Company’s valuation is now $2 billion
  • Latest raise follows another $100 million raise Chainalysis completed in November

Blockchain analytics firm Chainalysis has raised $100 million in Series D funding. The latest round follows another $100 million raised in November and brings the company’s valuation up to $2 billion.

The 7-year-old startup provides data and compliance software that helps detect and prevent cryptocurrency crime and money laundering. It serves government agencies, asset managers and financial institutions, cryptocurrency businesses and financial services providers, insurance and cybersecurity companies. It counts the United Nations Office on Drugs and Crime, Barclays, Square, BlockFi and Gemini among its 400 customers. 

Public blockchains, like the Bitcoin blockchain, have become subject to more regulation, with companies having to do more to identify illicit activity in connection with their businesses, as the regulatory landscape has matured and especially as institutional demand for digital assets continues to grow. 

BlackRock, for example, is currently seeking talent that can research, monitor and analyze public blockchains and digital assets. The company, the world’s largest asset manager, has no doubt been monitoring digital assets for years but took its first public foray into bitcoin earlier this year, including bitcoin futures trading in a regulatory filing.

The Chainalysis platform covers more than 100 digital assets on 10 different blockchains, encompassing approximately 90% of cryptocurrency economic activity. The company plans to use its new funding to further scale its enterprise data solutions.

In the past year Chainalysis increased its revenue by more than 100% on a year-over-year basis and doubled its customers to include government agencies in more than 30 countries and private sector businesses more than 60 countries. It’s also grown its partners to more than 50 — including Fireblocks, the Israeli startup providing the custody solutions for Bank of New York Mellon potentially other multinational banks. It raised $133 million last week.

Eventually every company will use the blockchain to conduct their business, cofounder and CEO Michael Gronager said in a press release Friday. That information allows customers to make better data-driven decisions will enable more accelerated adoption of cryptocurrency, he added.

BlockFi CEO Zac Prince said in the press release that Chainalysis delivers insights beyond compliance that help inform its business development activities, tailor offerings and identify new revenue streams.

The cryptocurrency-focused firm Paradigm led Chainalysis’ Series D raise. Existing investors Addition, Ribbit and Marc Benioff’s TIME Ventures also participated.

Tags

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Featured.png

Research

Helium stands at a pivotal moment in its evolution as a decentralized wireless network, balancing rapid growth, economic restructuring, and global expansion. With accelerated growth in domestic DAUs and Hotspots supporting its network, Helium is leveraging strategic partnerships and innovative proposals to scale internationally. The recent implementation of HIP 138, “Return to HNT,” has unified its token economy under HNT, simplifying participation and strengthening liquidity, while HIP 139’s phase-out of CBRS refocuses efforts on scalable Wi-Fi offload. Meanwhile, governance shifts under HIP 141 raise questions about centralization as Nova Labs consolidates control over the roadmap.

article-image

In 2011, WikiLeaks faced a financial blockade imposed by the US government. It was Bitcoin’s first major test.

article-image

Kado’s founder Emery Andrew spoke to Blockworks about the acquisition and what’s next for the team

article-image

LayerZero’s Bryan Pellegrino chatted with Blockworks about the firm’s next steps and its 10-year runway

article-image

Colosseum co-founder Matty Taylor is seeing “high-performance [Solana] founders showing a lot of interest in private trading technology”

article-image

Executives weigh the growth potential they see in the public stock and private credit/equities arenas

article-image

Players can stake ME, trade tokens and link wallets to climb the leaderboard