Crypto analytics firm Elliptic raises $60 million
- ByManjeet Singh | October 12, 2021
Crypto analytics company Elliptic has raised $60 million in new funding from investors including SoftBank and Wells Fargo Ventures, the startup announced on Monday, amid increasing interest in the blockchain sector.
The Series C round was led by Evolution Equity, with SoftBank Vision Fund 2 and Wells Fargo Strategic Capital investing for the first time. In a statement, Elliptic said it had another investor, Japan’s SBI Group, but did not disclose its valuation.
Elliptic CEO Simone Maini told Reuters that what the company is doing is very critical for the growth of the crypto space and mainstream acceptance.
‘’Without really robust basic insights and tooling that can help facilitate financial crime, protection and risk management, it’s really hard for these businesses to be able to embrace the opportunity.”, Simone added
Elliptic, which began operating in 2013, tracks the movement of cryptocurrencies through blockchains – the technology behind them – to aid financial crime compliance.
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