Elliptic, a blockchain intelligence company, has raised a $60 million Series C financing round to expand its team and drive blockchain research and development.
The funding was led by Evolution Equity Partners alongside a new investment from Softbank Vision Fund 2 owned by Softbank Group Corp (a Japanese multinational conglomerate holding company headquartered in Minato, Tokyo).
Other investors in the Series C round include SBI Group, Paladin Capital Group, Digital Currency Group, Albion VC, Signalfire, Wells Fargo Strategic Capital, and Octopus Ventures.
According to Simone Maini, CEO, Elliptic, the blockchain intelligence firm enables financial institutions (from cryptocurrency exchanges to the leading banks in the world), to embrace crypto assets more safely.
He further said: “This fundraising round is an endorsement of the opportunity for [crypto assets] in the financial industry – and our absolutely critical role in the ecosystem.”
Neil Cunha-Gomes, Softbank Investment Adviser, says Softbank Group Corp is pleased to work with Elliptic.
“The unique nature of crypto as a maturing asset class means there is a growing need for enterprise-grade compliance and transaction monitoring tools,”
He added, “Elliptic was an early mover in this space and its customizable platform is trusted by financial institutions of all sizes. We are pleased to support Simone and the Elliptic team in their mission to enable safe crypto adoption globally.”
Founded in 2013, Elliptic provides blockchain analytics for crypto-asset compliance. Elliptic’s crypto compliance solutions and services are used by crypto businesses, financial institutions, and regulators to detect and prevent financial crime in crypto assets.
Its blockchain analytics, which cuts across over 100 crypto assets and more than 20 billion data points, provide accurate and actionable insights that businesses rely on to be compliant and mitigate risk.
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