Elliptic, a London, UK-based cryptoasset risk management platform, raised $60m in Series C funding.
The round was led by 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. The company leverages blockchain analytics for financial crime compliance and to provide an accurate crypto identity dataset in the market. So far, Elliptic has assessed risk on transactions worth several trillion dollars, uncovering money laundering, terrorist fundraising, fraud, and other financial crimes.
The company also has offices in New York, Singapore, and Tokyo.