Blockchain Analytics Firm Elliptic Raises $60M to Fund R&D, Expansion

Blockchain Analytics Firm Elliptic Raises M to Fund R&D, Expansion
Elliptic, which helps track transactions on blockchains, has raised $60 million in a Series C funding round led by Evolution Equity Partners. The money will be used for research and development (R&D) and international growth.The funding will also help with expansion of Elliptic’s team, especially in the U.S.London-based Elliptic said participating investors included SoftBank Vision Fund 2, AlbionVC, Digital Currency Group, Wells Fargo Strategic Capital, SBI Group, Octopus Ventures, SignalFire and Paladin Capital Group.The fundraising underlines the mounting interest in the transaction-analysis industry as companies strive to comply with anti-money laundering rules and track the proceeds from successful hacks. Last…