Elliptic Secured $60M to Expand Its Crypto Analytics Offerings

By Shannon Wilson | October 13, 2021

Crypto risk management entity Elliptic has successfully secured $60 via a Series C fundraising, which will be dedicated to widening the scope of its crypto analytics offerings. 

Specifically, the Series C funding round was reportedly led by Evolution Equity Partners, and witnessed the participation of a variety of venture capital entities, nominally SoftBank Vision Fund 2, AlbionVC, Digital Currency Group, Wells Fargo Strategic Capital and SBI Group, amongst others.

Established in 2013 and based in London, UK, Elliptic reportedly gathers analytical information across the blockchain sphere, to roll out anti-money laundering and compliance offerings to fintech establishments, governmental and legislative groups, crypto organizations in financial crimes, along with concreting its own resilience to risk.

Per the firm’s update, two-thirds of the overall crypto volume in trading throughout the globe happens on exchanges which take advantage of Elliptic’s risk management and analytical data offerings. 

Additionally, the company reportedly takes pride in its ability to collect 20 billion data points throughout a span of 98% of the sector’s assets by market capitalization.

“This fundraising round is an endorsement of the opportunity for crypto assets in the financial industry — and our absolutely critical role in the ecosystem.” Simone Maini – Head of Elliptic – reportedly emphasized on how crucial the safety associated with tapping into crypto assets is. 

In June last year, Elliptic was reportedly included by the World Economic Forum in the list of 100 early to growth-stage initiatives, at the cutting-edge of technological innovation. The company was classified into the Blockchain and Distributed Ledger Technologies category, together with well-known names of the sector – Chainlink and MakerDAO, Lighting Labs, Ripio and Veridium Labs.

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