Elliptic has raised $120 million in Series D funding at a pre-money valuation of $670 million.
The round was led by One Peak, with participation from Nasdaq Ventures, Deutsche Bank, and the British Business Bank.
Founded in 2013, Elliptic is headquartered in London with offices in New York, Washington D.C., Miami, Dubai, Singapore, and Tokyo.
Elliptic is one of the leading digital asset data and intelligence firms. The company frequently shares keen insight into the emerging crypto ecosystem, including data breaches and illicit activities. The company covers more than 65 blockchains and continuously tracks and labels assets and entities.
The company said the additional capital will help it grow as it serves banks, Fintechs, governments, and other firms.
Charlotte Lawrence, Managing Director of Direct Equity at the British Business Bank, states that institutional adoption of digital assets is accelerating, and the demand for scalable compliance solutions has never been higher. Lawrence noted that Elliptic screens over 1 billion transactions each week for more than 700 customers.
As tokenization and stablecoins become the norm, Elliptic expects to benefit from this development.
Elliptic reports that 2/3 of global crypto trading is on exchanges that use Elliptic, which “serves as the compliance backbone as those same assets move into traditional finance.”
Simone Maini, CEO of Elliptic, said financial systems are being rebuilt on blockchain technology and institutions need an analytics partner.
“The participation of Nasdaq Ventures, Deutsche Bank, One Peak and the British Business Bank, and the continued confidence of AlbionVC, Evolution Equity Partners and J.P. Morgan is a clear signal of their belief in us as market leaders. We built Elliptic for exactly this moment, and this funding lets us move faster to meet it.”