Meta Insiders Debate Key Issue for Reels: Whether to Share Ad Dollars With CreatorsRead Now

Chainalysis CEO Michael Gronager on Feb. 24, 2022. Photo: Bloomberg

Chainalysis Valued at $8.6 Billion in GIC-Led Investment

Photo: Chainalysis CEO Michael Gronager on Feb. 24, 2022. Photo: Bloomberg

Chainalysis, a startup that sells services to detect and track crypto fraud, has raised a new round at an $8.6 billion valuation, including the investment, according to a person with direct knowledge of the matter. GIC, Singapore’s sovereign wealth fund and an existing investor in the company, is leading the $170 million investment, the person said.

The Series F deal doubles the $4.2 billion valuation the New York–based company set in June, when it raised a $100 million Series E financing led by Coatue Management. The new fundraising comes amid a deep sell-off of cryptocurrencies that’s led some investors to anticipate an end to the past year’s rush to back crypto startups. The price of bitcoin fell below $30,000 on Monday night, a 10-month low, triggering fears of another crypto winter—an extended period of low prices.

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
Creator Economy
Meta’s Resistance to Sharing Ad Sales Starts to Crumble
Photo: Bloomberg
For at least a year, one question has hung over Meta Platforms-owned Facebook and Instagram: whether the apps will introduce a way to share a cut of ad revenues with more creators, similar to how YouTube pays video-makers. Our story today by Sylvia and Kaya goes deep into the debate at Meta over introducing ad-revenue sharing, which some staff viewed as a slippery slope, and a parallel argument...
Latest Briefs
 
Intel Cuts Salaries Amid Grim Outlook
AMD Forecasts Sales Slowdown Due to Weak PC Demand
Snap Warns Revenue Could Fall 10% This Quarter
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Photo: Bloomberg
Creator Economy
Meta’s Resistance to Sharing Ad Sales Starts to Crumble
For at least a year, one question has hung over Meta Platforms -owned Facebook and Instagram : whether the apps will introduce a way to share a cut of ad revenues with more creators, similar to how YouTube pays video-makers.
Snap CEO Evan Spiegel. Photo by Getty Images.
The Briefing markets amazon
Snap’s Spaghetti Strategy Is Cause for Concern
Snap’s abysmal financial forecast for the current quarter continued the company’s string of rough news.
Art by Shane Burke. Photo by Bloomberg
Exclusive
Musk Leaves Twitter Staff Without Equity Plan as Deadline Looms
Shortly after Elon Musk bought Twitter last fall, he promised Twitter staff that they could look forward to the kind of stock rewards employees at SpaceX—another private company Musk runs—enjoy.
Illustration by Getty Images.
Opinion venture capital
The Relationship Model Is Killing Venture Capital
The social and racial homogeneity of the venture capital industry has long been a source of frustration for entrepreneurs and investors alike.
Illustration by Josh Brill
Exclusive entertainment facebook
Meta Insiders Debate Key Issue for Reels: Whether to Share Ad Dollars With Creators
When Wall Street analysts dial into an earnings call tomorrow with Mark Zuckerberg, they’re likely to pepper the Meta Platforms CEO with different versions of a favorite question: What’s the latest on making money from Reels, Meta’s answer to TikTok?
Stripe CEO Patrick Collison. Photo: Bloomberg.
startups
Stripe in Talks to Raise Up to $3 Billion From Current Investors
Less than a week after telling employees that it would evaluate a public offering over the next year, payments giant Stripe is moving quickly on a deal to raise as much as $3 billion from its existing investors.