UK -founded blockchain analytics firm Elliptic announced a $60 million Series C funding co-led by Evolution Equity Partners and Softbank Vision Fund 2. It had raised $40 million before today’s funding, according to Crunchbase. Other investors include AlbionVC, Digital Currency Group, Wells Fargo Strategic Capital, SBI Group, Octopus Ventures, SignalFire and Paladin Capital Group also participated.
In June, Elliptic announced that Santander was piloting Elliptic’s Discovery solution. This helped it understand its indirect exposure to cryptocurrencies by analyzing transactions between bank accounts and cryptocurrency exchanges. Santander Innoventures first invested in Elliptic in 2016, although the bank’s venture arm has since been spun out.
“At Elliptic, we help financial institutions, from crypto exchanges to the world’s leading banks, embrace cryptoassets more safely,” said Simone Maini, CEO of Elliptic. “This fundraising round is an endorsement of the opportunity for cryptoassets in the financial industry – and our absolutely critical role in the ecosystem.”
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