KUALA LUMPUR, Oct 12 -- Elliptic, the global leader in cryptoasset risk management, has announced raising US$60 million in Series C funding. (US$1 = RM4.176)
The financing round was led by Evolution Equity Partners, alongside new investment from SoftBank Vision Fund 2, with existing investors AlbionVC, Digital Currency Group, Wells Fargo Strategic Capital, SBI Group, Octopus Ventures, SignalFire and Paladin Capital Group also participating.
The latest fundraise will accelerate Elliptic's efforts in enabling financial market participants to embrace the crypto opportunity with trust and confidence, according to a statement.
The company serves traditional financial institutions, fintechs, crypto businesses and government agencies with the leading suite of compliance and investigative solutions built specifically for cryptoassets.
With the new investment, Elliptic 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 US.
Richard Seewald, Founder and Managing Partner at Evolution Equity Partners will join the Board of Directors to provide strategic, proven leadership building global software companies.
Elliptic CEO, Simone Maini said: “At Elliptic, we help financial institutions, from crypto exchanges to the world’s leading banks, embrace cryptoassets more safely.
“This fundraising round is an endorsement of the opportunity for cryptoassets in the financial industry - and our absolutely critical role in the ecosystem.”
Headquartered in London, Elliptic has offices in New York, Singapore, and Tokyo.
To learn more, visit www.elliptic.co.
-- BERNAMA
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