Breaking: TIME Magazine Owner Among Lead Investors in Chainalysis $100M Funding Round

Chainalysis, one of the leading crypto data analytic firm has raised $100 million in a new funding round taking its valuation to $2 billion doubling from its earlier valuation of $1 billion just four months ago. The funding round was lead by crypto-focused venture capital firm Paradigm and saw investment from billionaire Marc Benioff, the owner of TIME Meganize and founder of Salesforce who invested through Time Ventures.

Billionaire Marc @Benioff has just invested in blockchain analytics company Chainalysis at $2b valuation.
His magazine, TIME, is looking for a CFO “comfortable with Bitcoin”.
Does he own #Bitcoin?
— Bitcoin Archive (@BTC_Archive) March 26, 2021

The heightened valuation of Chainalyis post its most recent fundraise has been the story of the crypto ecosystem this bull season where several crypto firms including BlockFi, and have raised hundreds of millions of dollars multiplying their valuation into billions.
The post Breaking: TIME Magazine Owner Among Lead Investors in Chainalysis $100M Funding Round appeared first on Coingape.
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