Elliptic 60m series evolution equity vision

elliptic 60m series evolution equity vision

The company serves traditional financial institutions, FinTechs, crypto businesses and government agencies with the leading suite of compliance and investigative solutions built specifically for cryptoassets.

Elliptic plans to strengthen its global leadership position through continued research and development, investment in its global network and expansion of Elliptic’s team, particularly in the U.S. 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.

Simone Maini, CEO of Elliptic, said: “At Elliptic, we help financial institutions, from crypto exchanges to the world’s leading banks, embrace cryptoassets more safely.


The company serves traditional financial institutions, fintechs, crypto businesses and government agencies with the leading suite of compliance and investigative solutions built specifically for cryptoassets.

With the new investment, Elliptic plans to strengthen its global leadership position through continued research and development, investment in its global network and expansion of Elliptic’s team, particularly in the U.S. 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.

Simone Maini, CEO of Elliptic, said: “At Elliptic, we help financial institutions, from crypto exchanges to the world’s leading banks, embrace cryptoassets more safely.


We value their emphasis on data precision, as well as their commitment to building a more transparent and safer crypto economy.“

Examples of other customers are Revolut, Santander, Silvergate, Stellar, Uphold, Wirex, Zilliqa, and BitGo.

Elliptic was founded in October 2013 by Dr. James Smith (CTO), Dr. Tom Robinson (Chief Scientist), and Dr.
Adam Joyce (Chief Architect).

What Does Elliptic Plan to Do With This $60 Million?

According to the press release issued by Elliptic yesterday (October 11), their Series C funding round was led by Evolution Equity Partners, alongside new investment from SoftBank Vision Fund 2.

Elliptic 60m series evolution equity vision-2

By the end of 2022, we will grow to more than 200 Elliptites globally.”

Elliptic Bullish On Offering On-Chain Security

Lately, the number of large institutions indulging in cryptocurrency is on the rise. Consequently, the demand for a secure and safe ecosystem is also high.
In that context, this is the reason why payment giants such as MasterCard onboarded CipherTrace, a renowned blockchain intelligence company, to seek safe harbor for anti-money laundering and fraud protection solutions.

In this case, Elliptic aims to become the leading choice for institutional investors seeking blockchain analysis and data security solutions.

Elliptic 60m series evolution equity vision-a

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

The funding initiative saw the participation of the Japanese investment firm Softbank, which bet funds from its Vision Fund 2 that has already sponsored billion-dollar startups. Other participants to the funding included Wells Fargo, SBI Group, Digital Currency Group, AlbionVC, Paladin Capital Group, Octopus Ventures, and Evolution Equity Partners.

Elliptic successfully secured $28 million in the Series B funding round, which ran between 2019 and 2021.

With its new funds, the analytics firm intends to expand its global team of experts, particularly in the United States:

“We’ve already grown, as a team, by nearly 50% this year and will use this investment to grow even faster.

Elliptic 60m series evolution equity vision-r

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

Founded in 2013, Elliptic pioneered the use of blockchain analytics for financial crime compliance and has built the most accurate and trusted crypto identity dataset in the market. Two thirds of crypto volume worldwide is transacted on exchanges that use Elliptic; these businesses rely on Elliptic’s solutions to manage risk and generate insights by leveraging over 20 billion data points covering 98% of all cryptoassets by market cap.

Richard Seewald, of Evolution Equity Partners, said: “Elliptic is at the forefront of safeguarding our digital world and has led the way in enabling the safe adoption of cryptoassets across financial services.

Evolution Equity Partners, alongside new investment from SoftBank Vision Fund 2. Existing investors AlbionVC, Digital Currency Group, Wells Fargo Strategic Capital, SBI Group, Octopus Ventures, SignalFire and Paladin Capital Group also participated.

The latest fundraise will accelerate Elliptic’s efforts in enabling financial markets participants to embrace the crypto opportunity with trust and confidence.

The company serves traditional financial institutions, fintechs, crypto businesses and government agencies with the leading suite of compliance and investigative solutions built specifically for crypto assets.

Embracing crypto assets more safely

With the new investment, Elliptic plans to strengthen its global leadership position through continued research and development, investment in its global network and expansion of Elliptic’s team, particularly in the US.

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

Richard Seewald of Evolution Equity Partners said: “Elliptic is at the forefront of safeguarding our 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.”

IBS Intelligence reported that Elliptic, a cryptoasset risk management solutions provider, has been selected by Paysafe, a specialized payments platform, for its Elliptic Lens solution.

Evolution Equity Partners, with participation from SoftBank Vision Fund 2 and existing investors AlbionVC, Digital Currency Group, Wells Fargo Strategic Capital, SBI Group, Octopus Ventures, SignalFire and Paladin Capital Group. 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.

The company intends to use the funds to strengthen its global leadership position through continued research and development, investment in its global network and expansion of the team, particularly in the U.S.

Founded in 2013 and led by Simone Maini, CEO, Elliptic provides a based cryptoasset risk management platform enabling traditional financial institutions, fintechs, crypto businesses and government agencies to participate in and manage cryptoasset risks.

However, the overwhelming security demand is partly due to the increasing regulatory pressure on digital assets to comply with existing anti-fraudulent laws worldwide.

Elliptic is one of the largest crypto and blockchain analytics firms that provide different techniques and tools to deter illicit crypto activities. The company also offers mapping of real-world signals to pseudonymous entities and events.
Moreover, it facilitates risk insights for both digital assets and traditional financial companies.

The analytics firm also helps to discover malicious software and tools provided by darknet participants.

Elliptic has raised $60m in the Series C funding roundBy Joy Dumasia

Elliptic, the global leader in cryptoasset risk management, announced it had raised $60 million in Series C funding. The financing round was led by Evolution Equity Partners, alongside new investment from SoftBank Vision Fund 2.
Existing investors AlbionVC, Digital Currency Group, Wells Fargo Strategic Capital, SBI Group, Octopus Ventures, SignalFire and Paladin Capital Group also participated.

The latest fundraising will accelerate Elliptic’s efforts in enabling financial markets participants to embrace the crypto opportunity with trust and confidence.

Leave a Reply

Your email address will not be published.