elliptic 60m series evolution equity vision

By mapping real-world signals to the transactions on the blockchain it allows third party auditors insights into the wallets and events. This means that businesses can more easily avoid risks, comply with anti-money-laundering regulations, detect scams and conduct investigations.

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

According to the company, more than two-thirds of crypto volume worldwide is transacted on exchanges that use Elliptic — such as Coinbase Inc., which has been a partner since 2015.

SoftBank, the world’s largest tech investor, is also coming aboard.

In backing Elliptic, Evolution and Softbank join existing investors including the investment arms of two of the largest banks in the world, Wells Fargo and Santander, and two of Europe’s best tech investors, Octopus and AlbionVC.

We start the next phase in our journey with their support and this what we will be doing:

More Research and Development

We will accelerate our research and development, building ahead of the needs of the most demanding institutions, as crypto grows another 10x. We will not be beaten on scale, reliability or accuracy.

And we will maintain the best crypto risk identification capability in the world.

That’s just with our current product suite.

And Richard Seewald, Founder and Managing Partner at Evolution Equity Partners, who will “join the Board of Directors to provide strategic, proven leadership building global software companies” had this to say:

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.

Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice.

Elliptic 60m series evolution equity vision-2

Elliptic, a leading firm in the RegTech space, has announced that its Series C funding round raised $60 million from existing investors, such as Wells Fargo Strategic Capital, and new investors, such as SoftBank Group.

What Does Elliptic Do?

Elliptic provides blockchain analytics to help firms achieve regulatory compliance when dealing with the cryptoasset space as well as well as to help regulators detect, prevent, and investigate crypto-related crimes. In particular, around 2/3 of of crypto trading volume runs through exchanges that use Elliptic’s software.

For example, one of their customers is Coinbase, which has this to say about Elliptic:

Elliptic has been our trusted partner since 2015, helping strengthen our AML program and create a new standard for compliance in the crypto industry.

Elliptic 60m series evolution equity vision-a

Making Crypto Safer For Financial Institutions

As announced in theWall Street Journaltoday, we have closed a $60m Series C funding round. The round is a milestone and a recognition of our critical role in the crypto ecosystem.

That ecosystem has exploded.

Innovation has accelerated and the number of businesses embracing crypto has soared. As an asset class, crypto has grown by more than 10x in five years and is worth $1 trillion.

A further 10x of growth lies ahead — and will be driven by businesses keen to shape the future of finance.

Each of the largest crypto exchanges transact tens of billions’ worth daily.

More established institutions are moving in too: Goldman Sachs, Visa, JPMorgan, Wells Fargo, Fidelity, PayPal and Square are all engaging with crypto today.

Elliptic 60m series evolution equity vision-r

Recognized as aWEF Technology Pioneerand backed by investors including Evolution Equity Partners, SoftBank Vision Fund 2 and Wells Fargo Strategic Capital, Elliptic has assessed risk on transactions worth several trillion dollars, uncovering activities related to money laundering, terrorist fundraising, fraud, and other financial crimes. Elliptic is headquartered in London with offices in New York, Singapore, and Tokyo.
To learn more, visitwww.elliptic.coand follow us onLinkedInandTwitter.

About Evolution Equity Partners

Evolution Equity Partners, based in New York City, Palo Alto, London and Zurich invests in fast growing technology companies helping exceptional entrepreneurs develop market leading companies safeguarding our digital world.

NEW INVESTMENT TO EXPAND TEAM AND NETWORK ACROSS THE GLOBE AND SUPPORT ONGOING RESEARCH AND DEVELOPMENT

NEW YORK and LONDON, October 11, 2021–Elliptic, the global leader in cryptoasset risk management, announced today it has raised $60 million in Series C funding. The financing round was led by Evolution Equity Partners, alongside new investment from SoftBank Vision Fund 2 and J.P.
Morgan. Existing investors AlbionVC, Digital Currency Group, Wells Fargo Strategic Capital, SBI Group, Octopus Ventures, SignalFire and Paladin Capital Group also participated.

The latest fundraise will accelerate Elliptic’s efforts in enabling financial markets participants to embrace the crypto opportunity with trust and confidence.

All these companies need to understand when they can let things run — and when they should intervene. Because stopping financial crime is a regulatory requirement and a moral one.
A healthy ecosystem is a safe one.

Which is where we come in. Through a range of techniques, from machine learning to infiltration of darknet marketplaces, we have built the ‘identity layer’ for blockchains.

We map real-world signals to pseudonymous entities and events. Then we turn it all into risk insights for transactions, wallets and institutions — which our clients use to make crypto safer.

Our products and vision have the backing of VCs and banks from the US, Europe and Asia.

With this latest round, we welcome Evolution Equity Partners, who fund the highest-potential software businesses protecting the digital world, to our cap table and board.

Elliptic Enterprises Ltd.announced todayit has raised $60 million in new funds to expand its enterprise cryptocurrency asset risk management platform in the wake of increasing regulatory scrutiny.

The Series C funding round was led by Evolution Equity Partners and joined by 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.

Founded in 2013, Elliptic began as a Bitcoin storage solution that became a blockchain analysis system that allows businesses to monitor cryptoassets and identify criminal and suspicious behaviors to manage potential risk.

The company’s solution provides an “identity layer” for blockchains that uses a number of techniques including machine learning and the infiltration of dark net marketplaces.

Elliptic raises $60m to accelerate safe adoption of crypto assets by mainstream financial markets

New, by AlbionVC

Elliptic, the global leader in cryptoasset risk management, announced today it has raised $60 million in a Series C funding. The financing round was led by Evolution Equity Partners, alongside new investment from SoftBank Group. Existing investors including us at AlbionVC, Digital Currency Group, Wells Fargo, SBI Group, Octopus VC, SignalFire, Paladin, and Mouro Capital also participated.

The latest fundraise will accelerate Elliptic’s efforts in enabling financial markets participants to embrace the crypto opportunity with trust and confidence.

Existing investors that also participated include AlbionVC, Digital Currency Group, Wells Fargo Strategic Capital, SBI Group, Octopus Ventures, SignalFire, and Paladin Capital Group.

Elliptic says that this latest fundraise will “accelerate Elliptic’s efforts in enabling financial markets participants to embrace the crypto opportunity with trust and confidence.” More specifically, the company 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.”

Simone Maini, the CEO of Elliptic, said:

At Elliptic, we help financial institutions, from crypto exchanges to the world’s leading banks, embrace cryptoassets more safely.

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