{"id":12098,"date":"2021-10-12T05:42:36","date_gmt":"2021-10-12T04:42:36","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=12098"},"modified":"2021-10-12T05:49:31","modified_gmt":"2021-10-12T04:49:31","slug":"blockchain-analytics-firm-elliptic-raises-60m-to-advance-its-crypto-analytics-service","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/blockchain-analytics-firm-elliptic-raises-60m-to-advance-its-crypto-analytics-service\/","title":{"rendered":"Blockchain analytics firm Elliptic raises $60M to advance its crypto analytics service"},"content":{"rendered":"\n
The blockchain analytics<\/a> firm in a Series C funding round led by Evolution Equity Partners and backed by a slew of venture capital firms has raised $60 million.<\/h5>\n\n\n\n
\"Blockchain<\/figure>\n\n\n\n

Elliptic's fundraising history\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> shows a steady rise, with their first round of funding totalling $5 million in 2016, and their second round of funding totalling $28 million in late 2019 and early 2020.<\/p>\n\n\n\n

Elliptic, based in London, was founded in 2013 to capture analytical data from the blockchain sector in order to provide anti-money laundering and compliance services to fintech institutions, governmental and legislative groups, and crypto organizations in order to protect them from financial crime while also increasing their risk resilience.<\/p>\n\n\n\n

Elliptic's risk management and analytical data solutions are used by two-thirds of all cryptocurrency volume traded globally, according to the company's release.<\/p>\n\n\n\n

Furthermore, the company claims to have collected 20 billion data points across 98 percent of the sector's assets based on market value<\/a>.<\/p>\n\n\n\n

Elliptic's CEO, Simone Maini, stressed the significance of security when it comes to accessing crypto assets, saying:<\/p>\n\n\n\n

\u201cThis fundraising round is an endorsement of the opportunity for crypto assets in the financial industry \u2014 and our absolutely critical role in the ecosystem.\u201d<\/p><\/blockquote>\n\n\n\n

Elliptic was named one of 100 early to growth-stage projects at the cutting edge of technical innovation by the World Economic Forum in June 2020.<\/p>\n\n\n\n

Along with major industry figures Chainlink and MakerDAO<\/a>, as well as Lighting Labs, Ripio, and Veridium Labs, the company was placed in the Blockchain and Distributed Ledger Technologies category.<\/p>\n\n\n\n

Richard Seewald, the founder of Evolution Equity Partners, commented on the potential influence of the fundraising round on Elliptic's business goals:<\/p>\n\n\n\n

\u201cThe latest fundraise provides Elliptic more resources to expand their market-leading crypto asset risk management to financial organizations, businesses and regulatory authorities around the world.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

The blockchain analytics firm in a Series C funding round led by Evolution Equity Partners and backed by a slew of venture capital firms has raised $60 million. Elliptic’s fundraising history shows a steady rise, with their first round of funding totalling $5 million in 2016, and their second round of funding totalling $28 million […]<\/p>\n","protected":false},"author":12,"featured_media":12100,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[130],"tags":[5080,132,5079,5081],"class_list":["post-12098","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","tag-blockchain-analytics-firm","tag-crypto","tag-elliptic","tag-series-c-funding"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/10\/Blockchain-analytics-firm-Elliptic-raises-60M-to-advance-its-crypto-analytics-service.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/12098","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=12098"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/12098\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/12100"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=12098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=12098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=12098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}