Elliptic completes $120 million financing with a valuation of $670 million, led by One Peak Partners

Blockchain analysis company Elliptic has completed a new round of financing of $120 million at a valuation of $670 million, led by One Peak Partners, with participation from Deutsche Bank, Nasdaq's venture capital division, and British Business Bank, while existing shareholders like JPMorgan Chase continue to invest.

Founded in 2013, Elliptic provides cryptocurrency transaction monitoring and anti-money laundering, sanctions compliance tools for financial institutions and law enforcement agencies. Currently, the company screens over 1 billion transactions weekly for more than 700 clients to support the compliance operations required for large banks, asset management firms, and fintech companies to conduct digital asset business.