Chainalysis will join the unicorn club after a new $100 million investment.
Analyst company Chainalysis is preparing to close a $100 million Series C funding round, after which its investment estimate will be $1 billion. This information was confirmed to Forbes by the company’s CEO Michael Gronager.
The deal is expected to be finalised next week. The Bitcoin Superstar financing round will be led by Addition, a venture capital firm, and will be joined by former investors Accel, Benchmark and Ribbit.
Following the closing of the new deal, the total investment in Chainalysis will amount to $166 million. The funding envisages doubling the current staff of 200 people over the next year.
Michael Gronager refused to disclose the revenues of Chainalysis, noting only that this figure has increased by 96% over the past year. He also expects that these figures will double in 2021 and 2022.
Forbes estimates that Chainalysis earned $8 million in 2018. To date, the company has 350 clients, including government organisations and major financial institutions.
Recall that in the summer of 2018 Chainalysis closed the Series A financing round, which resulted in raising $16 million.
In February 2019, the company raised $30 million in the Series B funding round, expanding it by an additional $13 million in July 2020.