The blockchain intelligence company Elliptic procures $ 60 million-Evolution Equity Partners, Softbank Bolster Series C-Finance
The blockchain intelligence company Elliptic procures $ 60 million-Evolution Equity Partners, Softbank Bolster Series C-Finance
On Monday, the blockchain secret service company Elliptic announced that the company raised $ 60 million in a round of financing in the CON CARE. Elliptic plans to use capital to expand the team and to "accelerate" blockchain research and development (F&E).
elliptic procures $ 60 million to support the expansion
There were a number of capital investments and financial injections for companies within the crypto ecosystem. On October 11, the blockchain surveillance company Elliptic announced that the company has raised $ 60 million from strategic investors. Elliptic emphasizes that Evolution Equity Partners led the financing together with a "new investment by Softbank Vision Fund 2". Softbank Vision Fund 2 is essentially the Softbank Group Corp., the Japanese multinational mixed corporation holding company based in Minato, Tokyo.
Elliptic also notes that Albion VC, Digital Currency Group, Wells Fargo Strategic Capital, SBI Group, Octopus Ventures, Signalfire and Paladin Capital Group were also included in the Series C round. Funding will flow into new settings, research and development as well as to global expansion so that Fintech participants "can take the crypto chance with trust and confidence". Elliptic was founded in 2013 and today claims “[Leverage] over 20 billion data points that cover 98% of all data [Crypto Assets] after market capitalization.”
"At Elliptic we help financial institutions, from crypto exchanges to the world's leading banks to take care of [Crypto Assets]," said Simone Maini, CEO of Elliptic, in A Explanation to Bitcoin.com News. "This round of donations is a confirmation of the opportunity for [Crypto Assets] in the financial sector - and our absolutely decisive role in the ecosystem."
elliptic procures capital in the middle of the hard competition
The financing of Elliptic follows the financing that the company's competitor, Chainalysis, saw at the end of June 2021. At that time, chainalysis The company had announced 100 million US dollars applied in a series E, and the additional finances brought the company's assessment to $ 4.2 billion. There are also dozens of blockchain monitoring companies in the wild today. There are also blockchain-intelligence companies such as Alethio, Bison Trails, Blockpit, Block Monitor, Bloxy, Postchain, Scoreshain, Sixgill, Tibco, Crystal Blockchain, Dune Analytics, Madana, Bitrank, Ciphertrace and Ocyan.
According to Neil Cunha-Gomes, Investment Advisers of Softbank, the holding company of the financial conglomerate is pleased with the cooperation with Elliptic.
"The uniqueness of crypto as a ripening investment class means that there is a growing need for compliance and transaction monitoring tools of the enterprise class," emphasized Cunha-Gomes. "Elliptic was a pioneer in this area and its customizable platform is familiar with financial institutions of all size. We are pleased to support Simone and the Elliptic team in their mission to enable a safe crypto introduction worldwide," added the soft bank manager.
What do you think that Elliptic has collected $ 60 million in a series C? What do you think about the growth of blockchain monitoring companies? Let us know your opinion on this topic in the comments below.
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