The platform plans to use some of the funds to open a new office in London. It also plans to open a research development lab in the city as it aims to expand its presence in the country. The latest round of funding suggests that investors are still committing their money into crypto businesses despite the prolonged crypto winter.
Accel, a seasoned VC firm led the round that also included investments from Benchmark, a firm that had led the Chainalysis Series A round of funding last April that saw the firm raise $16 million.
Philippe Botteri and Amit Kumar led Accel’s investment. According to
According to Michael Gronager, the co-founder and CEO of
“The investment and the timing of it shows that, despite fluctuating prices, there is quite a strong conviction among some very big VCs that this is not a short term play.”
Gronager went on to highlight the importance of the city of London as one of the leading
The startup also plans to explore research partnerships and collaborations with colleges in London which according to the CEO are leading the way in some areas of crypto research.
The crypto startup currently has over 100 employees and offices in Washington, New York, and Copenhagen.
What’s your take on Chainalysis managing to raise $30 million in the latest round of funding? Share your thoughts in the comment section below.