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Elliptic has raised $60m in the Series C funding round

By Joy Dumasia

October 12, 2021

  • Crypto Wallets
  • cryptoassets
  • Elliptic

Elliptic, the global leader in cryptoasset risk management, announced it had raised $60 million in Series C funding. The financing round was led by Evolution Equity Partners, alongside new investment from SoftBank Vision Fund 2. Existing investors AlbionVC, Digital Currency Group, Wells Fargo Strategic Capital, SBI Group, Octopus Ventures, SignalFire and Paladin Capital Group also participated.

The latest fundraising will accelerate Elliptic’s efforts in enabling financial markets participants to embrace the crypto opportunity with trust and confidence. The company serves traditional financial institutions, FinTechs, crypto businesses and government agencies with the leading suite of compliance and investigative solutions built specifically for cryptoassets.

Elliptic plans to strengthen its global leadership position through continued research and development, investment in its global network and expansion of Elliptic’s team, particularly in the U.S. Richard Seewald, Founder and Managing Partner at Evolution Equity Partners, will join the Board of Directors to provide strategic, proven leadership building global software companies.

Simone Maini, CEO of Elliptic, said: “At Elliptic, we help financial institutions, from crypto exchanges to the world’s leading banks, embrace cryptoassets more safely. This fundraising round is an endorsement of the opportunity for cryptoassets in the financial industry and is a critical role in the ecosystem.”

Richard Seewald of Evolution Equity Partners said: “Elliptic is at the forefront of safeguarding our digital world and has led the way in enabling the safe adoption of cryptoassets across financial services. The latest fundraise provides Elliptic more resources to expand their market-leading cryptoasset risk management to financial organizations, businesses and regulatory authorities around the world.”

IBS Intelligence reported that Elliptic, a cryptoasset risk management solutions provider, has been selected by Paysafe, a specialized payments platform, for its Elliptic Lens solution. Paysafe is now able to manage indirect exposure to cryptocurrency-related risks and bolster its cryptocurrency controls.

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