Cooley advised Chainalysis on the deal.
Chainalysis, a blockchain data platform, announced its $170 million Series F preferred stock financing round, bringing its valuation to $8.6 billion – up from $4.2 billion following its Series E preferred stock financing round last year.
With this new funding, Chainalysis becomes the largest enterprise software as a service company in the cryptocurrency industry. The company will use the funds to continue to invest in product innovation and scale its global operations to meet customer demand as the cryptocurrency asset class gains mainstream acceptance.
Founded in 2014 by Gronager and Jonathan Levin, and headquartered in New York City, Chainalysis provides data, software, services and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in 70+ countries. The company’s data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases and safely grow consumer access to cryptocurrency.
The Cooley team was led by Andrew Gunther, Jodie Bourdet (Picture) and Darwin Ng. Additional assistance was provided by Margaret Suh, Kevin King, Chris Kimball, Sharon Connaughton, Bridget Reineking, Jayne Munger, Karen Tsai, Rebecca Ross, Sarah Oliai, Scott D. Rudin and Dillon Martinson.
Involved fees earner: Jodie Bourdet – Cooley LLP; Sharon Connaughton – Cooley LLP; Andrew Gunther – Cooley LLP; Christopher Kimball – Cooley LLP; Kevin King – Cooley LLP; Dillon Martinson – Cooley LLP; Jayne Munger – Cooley LLP; Darwin Ng – Cooley LLP; Sarah Oliai – Cooley LLP; Bridget Reineking – Cooley LLP; Rebecca Ross – Cooley LLP; Scott Rudin – Cooley LLP; Margaret Suh – Cooley LLP; Karen Tsai – Cooley LLP;
Law Firms: Cooley LLP;