Elliptic Raises $120M Series D at $670M Valuation

London-based blockchain analytics firm Elliptic has raised $120 million in a Series D funding round, achieving a post-money valuation of $670 million. The round, led by investment firm One Peak Partners, included participation from Nasdaq Ventures, Deutsche Bank, the British Business Bank, and returning investors such as J.P. Morgan, Evolution Equity Partners, and AlbionVC.

The funding, announced this week, will support expansion of Elliptic's AI-powered tools for monitoring on-chain transactions and enhancing compliance for financial institutions. Founded in 2013, the company provides software that tracks cryptocurrency flows across more than 65 blockchain protocols, screening over 1 billion transactions weekly for more than 700 customers in 30 countries. Its clients include banks, cryptocurrency exchanges, fintech firms, regulators, and government agencies seeking to detect money laundering, sanctions evasion, and other illicit activities.

Elliptic's growth reflects rising demand for compliance infrastructure as traditional finance integrates digital assets like stablecoins and tokenized securities. Stablecoin networks processed trillions of dollars in transactions last year,...