Elliptic raises $120M at $670M valuation, led by One Peak Partners

Odaily Planet Daily News: Blockchain analytics firm Elliptic has raised $120 million in a new funding round at a valuation of approximately $670 million. The round was led by One Peak Partners, with participation from Deutsche Bank, Nasdaq's venture arm, and the British Business Bank. Existing investors including JPMorgan Chase also followed on.

Founded in 2013, Elliptic provides financial institutions and law enforcement agencies with crypto transaction monitoring, anti-money laundering, and sanctions compliance tools. The company currently screens over 1 billion transactions per week for more than 700 clients, supporting the compliance operations needed by large banks, asset managers, and fintech firms to conduct digital asset businesses.