Chainalysis has announced the close of a $100 million Series E funding round led by Coatue. The other investors such as Benchmark, Accel, Addition, Dragoneer, and many others also joined the round. The latest investment round brings Chainalysis' valuation to $4.2 billion.
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According to an announcement, the raised capital will help Chainalysis to execute its business vision. The company will expand its data tools, software, and access through its API.
"Our partners at Coatue understand the power of our vision for the Chainalysis data platform and the software, access, and services it powers," the company noted.
Earlier in March, the New York-based company also raised $100 million in a funding round led by Paradigm, with participation from TIME Ventures, Addition and Ribbit.
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