What is Elliptic?
Elliptic specializes in offering sophisticated tools that enable financial institutions, cryptocurrency businesses, and government agencies to detect, prevent, and investigate financial crime. By meticulously analyzing and interpreting blockchain transaction data, the company builds solutions that map and trace the flow of digital assets across various networks. Elliptic's technology identifies connections between wallet addresses and real-world entities, and critically assesses the risk associated with crypto transactions. Their approach combines extensive blockchain datasets with advanced analytics and investigative techniques, empowering organizations to meet stringent anti-money laundering (AML) and regulatory requirements.
How much funding has Elliptic raised?
Elliptic has raised a total of $215M across 5 funding rounds:
Angel/Seed
$2M
Series A
$5M
Series B
$28M
Series C
$60M
Series D
$120M
Angel/Seed (2014): $2M with participation from Octopus Investments
Series A (2016): $5M led by Digital Currency Group, Octopus Ventures, Santander InnoVentures, KRW Schindler, and Paladin Capital Group
Series B (2020): $28M supported by Signalfire, SBI Group, Octopus Ventures, Santander Innoventures, Albion Capital Group, and Wells Fargo & Company
Series C (2021): $60M featuring Octopus Ventures, Albion Capital Group, JPMorgan Chase, Evolution Equity Partners, SoftBank Group, Wells Fargo, and Santander
Series D (2026): $120M backed by Nasdaq, British Business Bank, One Peak Partners, and Deutsche Bank
Key Investors in Elliptic
Octopus Ventures
Octopus Ventures is a founder-focused venture capital firm that invests in mission-driven companies across various sectors, including financial technology, offering long-term capital and guidance.
Evolution Equity Partners
Evolution Equity Partners is an international venture capital firm with a specialization in cybersecurity investments, supporting visionary entrepreneurs from seed to growth stages.
JPMorgan Chase
JPMorgan Chase & Co. is a leading global financial services firm providing a wide array of services including investment banking, commercial banking, and asset management.
What's next for Elliptic?
The substantial enterprise-level backing positions Elliptic for significant scaling and further innovation in the rapidly evolving digital asset landscape. With a focus on combating financial crime and ensuring regulatory adherence, the company is poised to expand its market reach and enhance its suite of analytical tools. The recent strategic investment signals strong confidence from its backers in Elliptic's ability to navigate the complexities of cryptocurrency compliance and risk management, likely fueling advancements in AI-driven analytics and broader market penetration.
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