Blockchain intelligence company Elliptic raises US$60 million — Evolution Equity Partners, Softbank Bolster Series C financing

On Monday, blockchain intelligence company Elliptic announced that the company has raised $60 million in Series C financing. Elliptic plans to use the funds to expand the team and “accelerate” blockchain research and development (R&D).

Elliptic raises $60 million to support expansion

There are many capital investments and capital injections for companies in the crypto ecosystem. On October 11, blockchain monitoring company Elliptic revealed that the company has raised $60 million from strategic investors. Elliptic emphasized that Evolution Equity Partners led the investment and also received a “new investment from SoftBank Vision Fund 2”. Softbank Vision Fund 2 is basically owned by Softbank Group Corp., a Japanese multinational group holding company headquartered in Minato-ku, Tokyo.

Elliptic also pointed out that Albion VC, Digital Currency Group, Wells Fargo Strategic Capital, SBI Group, Octopus Ventures, Signalfire and Paladin Capital Group have also joined the C round of financing. The funds will be used for new employees, R&D and global expansion, so Fintech participants can “embrace crypto opportunities with trust and confidence.” Elliptic was founded in 2013 and today, the company claims “[leverage] More than 20 billion data points, covering 98% of all data points [crypto assets] Calculated by market value. “

“At Elliptic, we help financial institutions, from crypto exchanges to the world’s leading banks, embrace [crypto assets] It’s safer,” Elliptic CEO Simone Maini said in a statement. The statement is sent to News. “This round of fundraising is a recognition of opportunity [crypto assets] In the financial industry-and our absolutely critical role in the ecosystem. “

Elliptic raises funds in fierce competition

Elliptic’s financing follows the financing seen by the company’s rival Chainalysis at the end of June 2021. At that time, Chainalysis Announce The company raised US$100 million in the E-series, and the additional funds brought the company’s valuation to US$4.2 billion. There are dozens of blockchain monitoring companies today. There are also blockchain intelligence companies such as Alethio, Bison Trails, Blockpit, Blockmonitor, Bloxy, Postchain, Scoreshain, Sixgill, Tibco, Credits, Crystal Blockchain, Dune Analysis, Madana, Bitrank, Ciphertrace, and Ocyan.

Softbank investment consultant Neil Cunha-Gomes said that the financial group holding company is very happy to cooperate with Elliptic.

“The unique nature of encryption as a mature asset class means that there is a growing demand for enterprise-level compliance and transaction monitoring tools,” Cunha-Gomes emphasized. “Elliptic is a pioneer in this field, and its customizable platform is trusted by financial institutions of all sizes. We are pleased to support the Simone and Elliptic teams in their mission of achieving secure encryption adoption on a global scale,” SoftBank executives added.

What do you think of Elliptic’s $60 million fundraising in Series C? What do you think about the growth of blockchain monitoring companies? Please tell us your thoughts on this topic in the comments section below.

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60 million USD, Albion VC, Alessio, Bison Trail, Bit level, Block monitor, Block pit, Blossy, Oval CEO, Chain analysis, Password tracking, credit, Crystal Blockchain, Digital Currency Group, Dune analysis, oval, Oval Series C, Madana, Monitoring tools, Neil Cunha-Gomez, Back chain, sbi group, Scoring chain, Simone Mayney, Six gills, SoftBank, SoftBank Vision Fund 2, Tibo, Wells Fargo Strategic Capital

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