London-headquartered Elliptic has raised $120m (£88.8m) to accelerate its mission to deliver blockchain analytics for banks, fintechs, government agencies and crypto and payments companies.
Founded in 2013, Elliptic is a blockchain analytics and compliance platform that provides intelligence, cross‑chain transaction monitoring and risk insights.
Its analytics and compliance platform is used to detect illicit activity, meet regulatory expectations, and operate safely at scale.
The Series D round was led by One Peak, with participation from Nasdaq Ventures, Deutsche Bank and the British Business Bank, which invested £13m and included capital from the British Growth Partnership Fund I.
“Elliptic’s unique proprietary dataset constructed over a decade in the industry gives it a distinct edge and one that would be difficult for a competitor to replicate,” says Max Middleton, associate director at British Business Bank.
“This combined with its enterprise grade, AI-native platform enables the company to deliver compliance and risk monitoring at the scale and speed needed by major financial institutions. This investment supports a high-growth UK fintech at the forefront of an important evolution in global finance.”
Last month, the Financial Conduct Authority (FCA) led its first operation to disrupt an illegal peer-to-peer crypto trading scheme. The regulator targeted eight locations across London suspected of hosting illegal trading activities.
