- London-based Elliptic has raised $120 million in a Series D round led by One Peak, bringing its valuation to $670 million. Deutsche Bank, Nasdaq Ventures, and the British Business Bank also took part.
- The company, founded 13 years ago, screens over one billion transactions each week for more than 700 customers in 30 countries.
- With this funding round, two major traditional finance institutions join Elliptic’s investors as more institutions adopt digital assets.
Elliptic raised $120 million in a Series D round led by One Peak, which values the London-based blockchain analytics company at $670 million.
Deutsche Bank, Nasdaq Ventures, and the British Business Bank joined the round, along with returning investors JPMorgan, Evolution Equity Partners, and AlbionVC.
JPMorgan first invested in Elliptic during its Series C in 2021. Now, Deutsche Bank and Nasdaq join other major traditional finance institutions on the cap table, many of whom could become customers of Elliptic’s compliance solutions.
Elliptic was founded in 2013 by Adam Joyce, Tom Robinson, and James Smith, who saw early on that trust, especially the ability to verify the source of funds, was the main barrier to institutions adopting cryptocurrency. The company is based in London and now has offices in New York, Washington D.C., Miami, Dubai, Singapore, and Tokyo.
In 2025, stablecoins processed $33 trillion in transactions, a number that would have seemed impossible just a few years back. As this volume moves through banks, exchanges, and corporate treasuries, compliance demands are rising, and regulators are watching closely.
Elliptic creates software that helps banks, exchanges, and government agencies monitor cryptocurrency transactions and detect illegal activities such as money laundering and sanctions evasion. Its platform covers more than 65 blockchains and relies on a proprietary dataset built over 13 years.
Competitors include Chainalysis and TRM Labs, two well-funded US companies focused on institutional compliance. Elliptic stands out for its deep data and early use of AI-driven compliance, using machine learning to automate triage and cut investigation times from hours to minutes.
The company screens over one billion transactions each week for more than 700 customers in 30 countries, including HSBC and Revolut. Its investigations have linked North Korea’s Lazarus Group to the 2023 Atomic Wallet hacks and the 2025 Bybit heist, which involved the theft of $1.4 billion in Ethereum.
“One Peak invests in category leaders, and the signal we trust most is what customers say. We spoke to leading institutions from across all segments of the market, and they spoke with one voice: Elliptic is the leader in digital asset compliance, built on the industry’s most robust proprietary data, and it’s that data advantage that makes their AI genuinely market leading,” comments Humbert de Liedekerke Beaufort, founding partner, One Peak.
The new funding will help Elliptic develop new products and expand into more regions. With this round, the company has raised about $224 million so far.
