Crypto-Asset Risk Management Firm Elliptic Raises $60 Million Series C

As digital assets become more popular with institutional investors, the need for institutional-like services rises. Elliptic, a firm that offers crypto-asset risk management services, is reporting a C Series funding round of $60 million to expand its team globally while accelerating R&D.

According to a release, the funding round was led by Evolution Equity Partners, along with a new investment from SoftBank Vision Fund 2.

Richard Seewald, Founder and Managing Partner at Evolution Equity Partners will join the Board of Directors to provide strategic, proven leadership building global software companies.

Existing investors AlbionVC, Digital Currency Group, Wells Fargo Strategic Capital, SBI Group, Octopus Ventures, SignalFire and Paladin Capital Group also participated in the round.

Elliptic serves traditional financial institutions along with Fintechs, crypto businesses, and government agencies with a suite of compliance and investigative solutions built specifically for crypto-assets. Elliptic states that it will look to expand in the US.

Simone Maini, CEO of Elliptic, said they help financial institutions, from crypto exchanges to global banks,  to embrace cryptoassets more safely.

“This fundraising round is an endorsement of the opportunity for cryptoassets in the financial industry – and our absolutely critical role in the ecosystem.”

Seewald said that Elliptic is at the forefront of safeguarding the digital world and has led the way in enabling the safe adoption of cryptoassets across financial services.

“The latest fundraise provides Elliptic more resources to expand their market-leading cryptoasset risk management to financial organizations, businesses and regulatory authorities around the world.”

Founded in 2013, Elliptic was at the forefront of using blockchain analytics for financial crime compliance. The company reports that two-thirds of crypto volume worldwide is transacted on exchanges that use Elliptic. Elliptic is based in London.

 

Sponsored Links by DQ Promote

 

 

Send this to a friend