Elliptic’s $60 Million Series C Round Funding

Dentons has advised Evolution Equity Partners on the deal.

Elliptic executed its US$60 million Series C funding, with Evolution Equity Partners as lead investor. There was also new investment from Softbank Vision Fund 2. 

Existing investors AlbionVC, Digital Currency Group, Wells Fargo Strategic Capital, SBI Group, Octopus Ventures, SignalFire and Paladin Capital Group also participated.

Elliptic is a cryptoasset risk management firm and they serve traditional financial institutions, fintechs, crypto businesses and government agencies with the leading suite of compliance and investigative solutions built specifically for cryptoassets. The latest fundraise will accelerate Elliptic’s efforts in enabling financial markets participants to embrace the crypto opportunity with trust and confidence.

With the new investment, Elliptic plans to strengthen its global leadership position through continued research and development, investment in its global network and expansion of Elliptic’s team, particularly in the US. Richard Seewald, Founder and Managing Partner at Evolution Equity Partners will join the Board of Directors to provide strategic, proven leadership building global software companies. 

The Dentons team was led by Joseph Altendorff (Picture) and included Corporate associate Ben Lloyd, with other specialists from its Ventures group including Technology partner Henrietta Baker, Employment partner Sarah Beeby, Tax partner Gwen Souter, and Data Protection associate Muneeb Gill. US law advice was provided by Adrian Stewart. 

Involved fees earner: Joseph Altendorff – Dentons; Henrietta Baker – Dentons; Sarah Beeby – Dentons; Muneeb Gill – Dentons; Ben Lloyd – Dentons; Gwen Souter – Dentons; Adrian Stewart – Dentons – Cárdenas & Cárdenas;

Law Firms: Dentons; Dentons – Cárdenas & Cárdenas;

Clients: Evolution Equity Partners;