Ribbit Capital and Sound Ventures supplied $13m to expand the blockchain data technology producer's latest round, which includes Mitsubishi UFJ Financial Group.

US-based blockchain analysis provider Chainalysis added $13m to a series B round featuring financial services firm Mitsubishi UFJ Financial Group (MUFG) on Tuesday, increasing its size to $49m.

Venture capital firm Ribbit Capital and VC fund Sound Ventures provided the extra funding, adding to $6m from MUFG subsidiary MUFG Innovation Partners and Sozo Ventures in April 2019 and $30m from Accel and Benchmark two months earlier.

Chainalysis provides blockchain analysis to businesses, government agencies and financial exchanges through data…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.