Chainalysis, a startup that provides crypto investigation and compliance services, has secured $170 million in a Series F funding round led by GIC, a sovereign wealth fund of Singapore. The company, which is known for helping law enforcement nab illicit crypto activities, saw its valuation double to $8.6 billion from its round last June.
The funding news was first reported by The Information citing a source and comes at a time when investors are scrambling to come to terms with the crypto market crash. Total crypto market capitalization has plummeted to a ten-month low, with bitcoin trading below the $30,000 mark on Monday.
Prior to this new round, the firm had raised $366 million from investors including Benchmark, Accel, Paradigm and Coatue. It opened offices in Singapore and Tokyo in 2020 to “double down” on its APAC presence, and as of today, it serves clients including g …
