Venture Capital
Chainalysis is selling its bitcoin-tracing and compliance software to law enforcement to monitor crypto transactions. : Blockchain intelligence platform Chainalysis has raised $30 million in new investment, led by venture firm Accel, a growth-stage venture capital firm. The 75-person startup, which has offices in New York, Washington D.C. and Copenhagen, provides financial institutions, cryptocurrency exchanges and law enforcement with a platform to detect and investigate cryptocurrency money laundering, fraud and compliance violations. Chainalysis is also selling its bitcoin-tracing technology and compliance software to banks and brokers to monitor and link digital identities to cryptocurrencies.