Elliptic Receives Investment from JPMorgan to Promote “Safer” Participation in Crypto Markets

Elliptic, an international firm focused on crypto-asset risk management, has announced J.P. Morgan as an additional investor “as part of its recent $60 million Series C funding round led by Evolution Equity Partners and including SoftBank Vision Fund 2, AlbionVC, Digital Currency Group, Wells Fargo Strategic Capital, SBI Group, Octopus Ventures, SignalFire and Paladin Capital Group.”

This investment will “help accelerate Elliptic’s global expansion and further enable financial services market institutions to embrace the crypto opportunity with increased trust and confidence.”

Elliptic serves traditional financial institutions, fintechs, crypto businesses, and government agencies with a suite of compliance and investigative solutions “built specifically for cryptoassets.”

Elliptic’s blockchain compliance product can “support more than 500 crypto assets, or more than 98% of all cryptoassets by market cap.”

Furthermore, two-thirds of crypto volume worldwide is “transacted on exchanges that use Elliptic solutions.”

Simone Maini, Elliptic CEO, said:

“As an asset class, crypto has grown by more than 10x over the last five years and is now worth more than $1 trillion. A potential further 10x of growth lies ahead — and will be driven by businesses keen to shape the future of finance. We are focused on enabling the opportunity to help organizations unlock the true value of crypto.”

Maini added:

“As more established financial institutions move into the sector, these companies need to understand when they can let transactions run — and when they should intervene. Stopping financial crime is not just a regulatory requirement but an ethical one, and a safe ecosystem is a healthy ecosystem.”

As covered in October of last year, Elliptic, the international leader in crypto-asset risk management, announced the appointment of two senior management professionals to its executive team in a move that will aim to strengthen the firm’s products and services offering following its $60 million Series C round.

Safiya Karsan has been appointed Chief Operating Officer (CCO) and will be tasked with leading Elliptic’s strategy, operations and people teams, “focusing on driving the company’s continued expansion.”

Prior to her role at Elliptic, Safiya held key leadership roles in high-growth firms across public and private sectors where she “focused on scaling teams, operations, culture, and go-to-market strategy and execution.”

As reported last year, 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.

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