Blockchain data platform ChainLysis has announced its Series F funding of $ 170 million. According to the Chanellysis blog, the fund was led by Sovereign Wealth Fund GIC, Singapore, bringing the value of Chanellysis to $ 8.6 billion. Previous investors have increased their investments in Accel, Blackstone, Dragoner, and FundersClub, and Bank of New York Mellon and Emergency Capital have also joined the fund. The goal of channelization is to use new funds to invest in product innovation and to scale its global activities to meet consumer demand.
Over the past year, Chainalysis’s subscriber base has grown by 75%, with more than 750 subscribers in 70 countries, the report said. Chainalysis’s personal customer base has doubled and its financial services have tripled, with more than 100 financial institutions as subscribers, and its subscriber base, which has an annual recurring revenue of over $ 100,000, increased by 75% to 150 subscribers.
Chanellysis raised its Series E fund in June, 2021, and since then the platform has partnered with NFT platform Dapper Labs, fintech company Robinhood, and the Bank of New York Mellon, Cross River Bank, and Commonwealth Bank of Australia. The business of channelisis has grown significantly across the Asia-Pacific region, with revenue doubling in 2021 and the number of customers increasing significantly. In terms of the company’s sales, according to the blog, Chainalysis maintains a customer satisfaction NPS score of over 80%.
Chanalysis contributed to the disruption of criminal activity and the recovery of funds in November 2021, when the IRS Crime Investigation seized $ 3.5 billion worth of cryptocurrencies in 2021, representing 93% of all funds seized by the department during that time, according to the Chanalysis blog. It seized 2.3 million from the ransomware group responsible for the colonial pipeline attack and approved Foreign Assets Control (OFAC) for two Russia-based cryptocurrency services involved in money laundering.
According to the blog, ChanelLysis offers decentralized money (DeFi) detection, which includes 100% coverage of the top 15 decentralized exchange (DEX) liquidity pools, as well as cross-chain investigations for investigators to work around a growing number of blockchains. The channelisis screen screened an average of $ 1 trillion in transactions per month across all cryptocurrency assets, and conducted its second compliance audit for KYT and Reactor products. Chainlysis claims that it employs more than 450 people and currently has more than 700 employees.
(With insights from the Chanellysis blog)