Elliptical It raised $120 million in Series D funding at a preliminary valuation of $670 million.
The round was led by One Peak with participation from Nasdaq Ventures, Deutsche Bank and British Business Bank.
Founded in 2013, Elliptic is headquartered in London with offices in New York, Washington DC, Miami, Dubai, Singapore and Tokyo.
Elliptic is one of the leading digital asset data and intelligence firms. The company frequently shares its keen insights into the emerging crypto ecosystem, including data breaches and illegal activities. The company covers more than 65 blockchains and constantly tracks and tags assets and entities.
The company said the additional capital will help it grow as it serves banks, Fintechs, governments and other firms.
Charlotte LawrenceDirect Capital General Manager British Business Bank, He notes that enterprise adoption of digital assets is accelerating and the demand for scalable compliance solutions has never been higher. Lawrence noted that Elliptic views more than 1 billion transactions each week for more than 700 customers.
As tokenization and stablecoins become the norm, Elliptic expects to benefit from this development.
Elliptic reports that 2/3 of global crypto trading is on exchanges using Elliptic, which “serves as a compliance backbone by moving the same assets into traditional finance.”
Simone MainiElliptic CEO said financial systems are being rebuilt on blockchain technology and institutions need an analytics partner.
“The participation of Nasdaq Ventures, Deutsche Bank, One Peak and British Business Bank, and the continued confidence of AlbionVC, Evolution Equity Partners and JP Morgan, are a clear sign of their belief in us as market leaders. We founded Elliptic for this exact moment, and this funding enables us to move faster to achieve that goal.”
