🏆 Deal of the Week · CW 41/2021
Elliptic raised USD 60 million in a Series C round in October 2021; the valuation was not disclosed. The round drew participation from a broad syndicate of strategic and institutional investors including Wells Fargo Strategic Capital and SoftBank Vision Fund. The capital is earmarked to accelerate the adoption of crypto-asset compliance tools by mainstream financial institutions.
Elliptic — key deal facts
| Company | Elliptic |
| Founded | 2013 |
| Headquarters | London, United Kingdom |
| Amount raised | USD 60M |
| Valuation | Valuation Remains Undisclosed |
| Round | Series C |
| Investors | Wells Fargo Strategic Capital (https://www.wellsfargo.com/com/financing/strategic-capital/) Softbank Vision Fund (https://visionfund.com/) SignalFire (https://signalfire.com/) SBI Group (https://www.sbigroup.co.jp/english/) Paladin Capital Group (https://www.paladincapgroup.com/) Octopus Ventures (https://octopusventures.com/) Evolution Equity Partners (https://evolutionequity.com/) Digital Currency Group (https://dcg.co/) Albion VC (https://www.albion.vc/) |
| Sectors | FinTech |
Who invested in Elliptic?
The Series C was backed by Wells Fargo Strategic Capital, SoftBank Vision Fund, SignalFire, SBI Group, Paladin Capital Group, Octopus Ventures, Evolution Equity Partners, Digital Currency Group, and Albion VC. The investor mix is notable for spanning traditional banking (Wells Fargo), global growth equity (SoftBank Vision Fund), specialist cyber and national-security funds (Paladin Capital Group, Evolution Equity Partners), and crypto-native capital (Digital Currency Group), reflecting broad institutional conviction in blockchain compliance infrastructure. The presence of SBI Group also signals demand from regulated financial markets in Asia.
What does Elliptic do?
Elliptic is a blockchain analytics and crypto compliance firm founded in 2013 by Adam Joyce, Tom Robinson, and James Smith. Headquartered in London, United Kingdom, the company provides financial crime prevention software to banks, cryptocurrency exchanges, regulators, and law enforcement agencies. Its core products include transaction monitoring, wallet screening, cross-chain investigation tools, and real-time risk scoring. Simone Maini serves as Chief Executive Officer, leading global expansion of the platform across regulated financial markets.
Elliptic valuation & multiples
No existing multiples analysis was provided for this deal. Comparable FinTech regulatory-technology businesses have historically traded across a wide range of EV/Sales and EV/EBITDA multiples depending on growth stage and recurring-revenue mix. Readers seeking sector-specific valuation benchmarks are encouraged to visit the Venionaire DealMatrix FinTech multiples pages for current comparable data.
Explore the benchmarks: Series C.
Frequently asked questions
How much did Elliptic raise in its Series C?
Elliptic raised USD 60 million in its Series C round in October 2021.
What is Elliptic's valuation?
Elliptic's valuation was not disclosed in connection with the Series C round.
Who invested in Elliptic?
The round was backed by Wells Fargo Strategic Capital, SoftBank Vision Fund, SignalFire, SBI Group, Paladin Capital Group, Octopus Ventures, Evolution Equity Partners, Digital Currency Group, and Albion VC.
When was Elliptic founded and where is it based?
Elliptic was founded in 2013 and is headquartered in London, United Kingdom.
Source: original announcement — read the full report.