Blockchain analytics firm Elliptic has raised $120 million in a Series D round led by One Peak, with participation from Nasdaq Ventures, Deutsche Bank and the British Business Bank, the UK government’s economic development bank. The round values the London-based company at $670 million.
Elliptic, which provides on-chain compliance and risk screening tools to exchanges, banks and government agencies, says it screens over one billion transactions a week for more than 700 customers across 30 countries. The company was among the first to apply AI to blockchain compliance workflows and covers more than 65 blockchains.
JPMorgan, Wells Fargo and SBI are among the banks that have previously invested in the company, which had raised a cumulative $100 million before this round.
For the year to March 2025, Elliptic reported revenues of $30 million, representing 61% year on year growth, while recording a net loss of $14 million.
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