GIC Leads $170 Million Investment in Blockchain Firm Chainalysis

GIC, the Singapore sovereign wealth fund, was latest to invest in the crypto data services provider, according to statement from Chainalysis.

• Chainalysis raised $170 million in Series F funding, bringing its valuation to $8.6 billion
• Existing backers Accel, Blackstone, Dragoneer, and FundersClub also invested
• Bank of New York Mellon and Emergence Capital were the other investors
• The firm will use the funds for product innovation and to scale its global operations

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