Elliptic Raises $120M at $670M Valuation With Deutsche Bank and Nasdaq Backing

Blockchain analytics firm Elliptic raised $120 million in a Series D funding round at a $670 million valuation, with Deutsche Bank and Nasdaq Ventures joining the investor list. One Peak Partners led the round, alongside the British Business Bank and returning investors JPMorgan, Evolution Equity Partners, and AlbionVC.

Founded in 2013, Elliptic provides transaction monitoring and blockchain analytics software to banks, exchanges, and government agencies. The company screens over 1 billion transactions per week across 65 blockchains for more than 700 customers in 30 countries. CEO Simone Maini stated that the capital will be used to expand service adoption and deepen international presence as financial institutions increasingly rebuild systems on-chain.