Elliptic Raises $120M at $670M Valuation

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Elliptic Raises $120M at $670M Valuation

Elliptic, a company specializing in blockchain surveillance, has secured $120 million in funding, valuing the company at $670 million. The investment comes from major financial institutions like Deutsche Bank, Nasdaq, and JPMorgan Chase, as concerns about cryptocurrency crime and increasing regulation grow.

Summary

  • Blockchain analytics firm Elliptic has raised $120 million at a $670 million valuation.
  • The round was led by growth equity investor One Peak Partners with backing from major banks and market operators.
  • Elliptic says it now monitors over 1 billion crypto transactions weekly for more than 700 institutional clients.

Elliptic, a company specializing in blockchain analysis and regulatory compliance, has raised $120 million, valuing the company at $670 million. This is one of the biggest funding rounds seen so far in the field of cryptocurrency transaction monitoring, reports ChainCatcher.

Elliptic clinches major growth round amid surge in crypto compliance demand

Elliptic, a blockchain forensics company established in 2013 and with offices in London and New York, recently secured new funding. The investment round was led by One Peak Partners, a London-based investment firm, and included participation from Deutsche Bank, Nasdaq’s venture capital division, and the British Business Bank. Existing investor JPMorgan Chase also contributed more funding, according to ChainCatcher. Elliptic provides tools for anti-money laundering (AML) and sanctions screening, serving customers in the banking, asset management, fintech, and law enforcement sectors.

Big banks double down on crypto risk tooling

Elliptic now processes over 1 billion cryptocurrency transactions each week for more than 700 businesses. These include major banks, investment firms, and fintech companies that are entering the digital asset space, according to ChainCatcher. The company previously stated that a $60 million investment would help it expand its services, allowing financial institutions to confidently and securely navigate the world of cryptocurrency, as noted in a company press release.

Elliptic received significant funding in 2021 through a Series C round led by Evolution Equity Partners, with additional investment from SoftBank’s Vision Fund 2 and JPMorgan. This investment highlighted growing support from traditional financial institutions for blockchain analytics and tools designed to monitor crypto activity. According to Reuters, Elliptic intended to use the funds to expand its team and global reach, and to continue developing its technology for tracking cryptocurrency transactions to help businesses comply with financial crime regulations.

As an analyst, I’ve been closely tracking the increasing scrutiny on the crypto space. Regulatory bodies are really stepping up enforcement, and we’re seeing blockchain analytics firms like Elliptic play a significant role in investigations – everything from sanctions breaches to illegal darknet activities and even state-sponsored hacking. Recent research, particularly from CertiK as highlighted by ChainCatcher, indicates that North Korean hackers are responsible for a huge portion – around 60% – of digital asset thefts, and they’re becoming more sophisticated, moving towards ‘offline infiltration’ tactics. This shift is driving a lot more interest from institutions in blockchain surveillance and tools that can help assess and manage risk.

With big banks like Deutsche Bank and JPMorgan increasingly involved in tokenization, stablecoins, and direct cryptocurrency trading, Elliptic’s recent funding highlights that strong compliance systems are now essential for any institutional player in the crypto space.

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2026-05-12 17:24