4 years ago

Elliptic Raises $60 Million in Series C Funding to Strengthen Global Leadership

  • Elliptic, a London, UK-based cryptoasset risk management platform, raised $60 million in Series C funding led by Evolution Equity Partners, with participation from SoftBank Vision Fund 2 and existing investors AlbionVC, Digital Currency Group, Wells Fargo Strategic Capital, SBI Group, Octopus Ventures, SignalFire and Paladin Capital Group

  • The company intends to use the funds to strengthen its global leadership position through continued research and development, investment in its global network and expansion of the team, particularly in the U.S

  • Elliptic provides a based cryptoasset risk management platform enabling traditional financial institutions, fintechs, crypto businesses and government agencies to participate in and manage cryptoasset risks

  • The company leverages blockchain analytics for financial crime compliance and to provide an accurate crypto identity dataset in the market

  • So far, Elliptic has assessed risk on transactions worth several trillion dollars, uncovering money laundering, terrorist fundraising, fraud, and other financial crimes.

      • ProblemFinancial Services

      "uncovering money laundering, terrorist fundraising, fraud, and other financial crimes in the cryptocurrency market"

      Solution

      "a cryptoasset risk management platform using blockchain analytics for financial crime compliance and providing an accurate crypto identity dataset"

      Covered on