Blockchain analytics company Elliptic has raised US$60 million in its Series C funding round led by Evolution Equity Partners and Japanese investment giant SoftBank, the company has announced.

Fast facts

  • Elliptic counts a number of marquee investors among its existing backers who participated in the current financing round, including Digital Currency Group, Wells Fargo Strategic Capital, SBI Group, and Paladin Capital Group, among others.
  • Founded in 2013, London-based Elliptic serves traditional financial institutions, fintechs, government agencies and crypto businesses with a suite of financial crime compliance and investigative solutions designed for cryptocurrencies. Elliptic claims its services are used by crypto exchanges that handle two-thirds of crypto trade volumes worldwide. These exchanges use Elliptic to manage risk and generate insights from Elliptic’s more than 20 billion data points that cover 98% of all cryptocurrencies by market cap, its press release said.
  • The company plans to use the fresh funds for research and development as well as expansion of its U.S. team. Richard Seewald, founder and managing partner at Evolution Equity partners, will join Elliptic’s board as part of the deal.
  • According to an exclusive interview, Antinalysis, a darknet crypto tracing tool, is now partially powered by an outdated data source from Elliptic. Tom Robinson, co-founder of Elliptic, was one of the first ones to spot the tool on the dark web. After recovering from an initial shutdown, Antinalysis is now also available on the clearnet, the part of the web publicly accessible to everyone.