New York-based provider of cryptocurrency compliance solutions raised $30 million in Series B funding led by Accel.
Blockchain analysis firm Chainalysis has completed a $30 million Series B round led by American VC firm Accel and Benchmark, who led the startup's Series A funding in April 2018. Accel partner Philippe Botteri will also join the firm’s board of directors. The fund injection will be used to expand the startup's operations including its Chainalysis Know-Your-Transaction (KYT) tool which allows more than 100 crypto exchanges and financial institutions to vet their clients. The analytics firm known for investigating the Mt. Gox case will open a new office in London, its second office in Europe, which will serve as a base devoted to research and development.