Elliptic, a London-based provider of crypto assets risk management services, announced it has raised $60 million in a Series C funding round led by Evolution Equity Partners.
Japanese tech investment giant SoftBank participated in the round through its $30 billion Vision Fund 2 as well, alongside existing investors including AlbionVC, Digital Currency Group, Wells Fargo Strategic Capital, SBI Group, Octopus Ventures, SignalFire, and Paladin Capital Group.
Previously, Elliptic raised $5 million in Series A in 2016 and $28 million in Series B throughout 2019-2020.
In a blog post, the firm described the latest round as “a recognition of our critical role in the crypto ecosystem,” adding that it plans to use the funds to accelerate its research and development efforts.
Elliptic will be expanding its global team of experts with a specific focus on the United States.
“We’ve already grown, as a team, by nearly 50% this year and will use this investment to grow even faster,” the firm said in a statement. “By the end of 2022, we will grow to more than 200 Elliptites globally.”
Elliptic works with traditional financial institutions, government agencies, fintech companies, and crypto businesses, offering a suite of compliance and investigative tools built specifically for monitoring transactions involving digital currencies, such as Bitcoin, Ethereum, Binance Coin, and many more.
Some of the firm’s clients include crypto-friendly trading app Revolut, the Stellar Foundation, and Spanish banking giant Santander.
In June this year, the firm added privacy-focused coins Zcash (ZEC) and Horizen (ZEN) to its list of supported cryptocurrencies, followed by Polkadot (DOT) and Algorand (
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