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- Elliptic
Elliptic Valuation, Funding & Investors
Elliptic is valued at $670M as of May 2026.
Last Elliptic valuation
$670M
Series D · May 2026
Last Elliptic funding round
Strategic investment
Amount undisclosed · Jul 2026
Cumulative funding Elliptic raised
$220M
across 8 funding rounds
Key investors in Elliptic
Octopus Ventures
SignalFire
AlbionVC
Digital Currency Group
SBI Holdings
Paladin Capital Group
About Elliptic
Elliptic is a London-headquartered provider of blockchain analytics and cryptocurrency compliance software. Its platform monitors transactions across Bitcoin, Ethereum, and 100-plus chains for illicit activity, offering wallet screening, risk scoring, and investigation tools to exchanges, banks, and regulators. Clients include Coinbase and major financial institutions worldwide.
Founded
2013
HQ
Website
Status
Privately held
Customer focus
B2B & B2G
Revenue model
Subscription
Valuation
$670M (May 2026)
Elliptic Valuation
Elliptic is currently valued at $670M, based on its Series D in May 2026.
The $120M round was led by One Peak, with participation from Evolution Equity Partners, British Business Bank Investments, Deutsche Bank, JPMorgan Chase, Nasdaq Ventures and 1 other investor.
Elliptic valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2026 | Series D | $670M |
Elliptic Funding History
Elliptic has raised a total of $220M across 8 funding rounds.
Elliptic's first fundraising round was a $2M seed round in July 2014. The most recent completed round was a strategic investment round in July 2026.
Elliptic funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2026 | Strategic investment | Circle (lead) | - | - | - |
| May 2026 | Series D | One Peak (lead); Evolution Equity Partners; British Business Bank Investments; Deutsche Bank; JPMorgan Chase; Nasdaq Ventures; AlbionVC | $120M | $670M | One Peak led Elliptic's $120 million Series D funding round, valuing the company at $670 million post-money. Participants included Nasdaq Ventures, Deutsche Bank, British Business Bank, and repeat investors JP Morgan, AlbionVC, and Evolution Equity Partners. The structure is equity financing with no disclosed cash, stock, or earn-out components. The funding supports scaling Elliptic's AI-native platform for enterprise-grade on-chain analytics, targeting banks, fintechs, government agencies, and $33 trillion in annual stablecoin transaction volume. It signals institutional confidence in crypto compliance amid traditional finance's digital asset expansion, enabling faster product development and regional growth. Elliptic, a London-based blockchain analytics and digital asset surveillance regtech, provides decisioning solutions for compliance and risk management. The company has raised $224 million total across rounds, with this Series D as its largest single raise. Previous backers include JP Morgan, AlbionVC, and Evolution Equity Partners. |
| Oct 2021 | Series C | Evolution Equity Partners (lead); Octopus Ventures; SignalFire; SoftBank Group; SBI Holdings; Wells Fargo Strategic Capital; Digital Currency Group; Paladin Capital Group; AlbionVC | $60M | - | Elliptic Labs is a global AI software company specializing in AI Virtual Smart Sensors for smartphones, laptops, IoT, and automotive industries. The company generates revenue primarily through licensing agreements with major smartphone original equipment manufacturers (OEMs). In the November 2021 funding round, Elliptic raised $60 million in Series 6 financing led by Evolution Equity Partners, with participation from AlbionVC, Digital Currency Group, Octopus Ventures, Paladin Capital Group, SBI Group, SignalFire, SoftBank Vision Fund, and Wells Fargo Strategic Capital. For the full year 2021, Elliptic reported total revenue of NOK 63.0 million (a 41% increase year-on-year), with revenue from contracts with customers representing 87% of total revenue at NOK 54.6 million, primarily comprising license revenue from smartphone OEM agreements. The company achieved positive EBITDA of NOK 9.8 million in Q4 2021 but reported negative full-year EBITDA of NOK -2.8 million. During 2021, Elliptic continued expanding its technology deployment, with five new smartphone models from three different customers introduced in Q4 2021, bringing the total to 47 different models with six different manufacturers by Q1 2022. The company's revenue diversification extended beyond smartphones into new verticals including PC laptops and IoT applications. |
| Feb 2020 | Series B | Wells Fargo Strategic Capital (lead) | $5M | - | Elliptic is a crypto-asset risk management solutions provider that develops tools to monitor transactions, identify illicit activity, and help financial institutions manage regulatory compliance in the digital asset space. The company launched Elliptic Discovery, a solution providing transaction profiles for over 200 global crypto exchanges to assess risks and support KYC and compliance efforts. On February 13, 2020, Wells Fargo Strategic Capital invested $5 million in Elliptic's Series B round, bringing the total raised in the round to $28 million from an initial $23 million announced in September 2019. Prior investors included SBI Group, which contributed $10 million, along with Santander InnoVentures, SignalFire, AlbionVC, and Octopus Ventures. The funding supports Elliptic's international expansion, particularly in Asia, hiring to accelerate product rollout, and enhancing risk management capabilities for banks dealing with cryptoassets. |
| Sep 2019 | Series B | SBI Holdings (lead); Octopus Ventures; SignalFire; Mouro Capital; AlbionVC | $23M | - | - |
| Dec 2017 | Series A | SignalFire (lead); NCSC For Startups | $5M | - | Elliptic participated in NCSC for Startups in 2018. Founders are Adam Joyce, James Smith, and Tom Robinson. Elliptic delivers blockchain analytics, assessing billions of dollars’ worth of crypto transaction activity daily to help customers with crypto compliance, risk reduction, and strategy. In 2017, Elliptic raised a Series A round of $5 million. SignalFire participated in Elliptic's funding as an investor. |
| Mar 2016 | Series A | Paladin Capital Group (lead); Octopus Ventures; WndrCo; David Rosskamp; Digital Currency Group; Mouro Capital | $5M | - | - |
| Jul 2014 | Seed | Octopus Ventures (lead) | $2M | - | - |
Who has invested in Elliptic?
19 investors have backed Elliptic across its funding rounds, including Octopus Ventures, SignalFire, AlbionVC, Digital Currency Group, SBI Holdings and Paladin Capital Group.
Lead investors include Circle, One Peak, Evolution Equity Partners, Wells Fargo Strategic Capital, SBI Holdings and 3 other investors.
Elliptic Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Jul 2014 | ||
| 3 | Lead | Dec 2017 | ||
| 3 | Participant | Sep 2019 | ||
| 2 | Lead | Oct 2021 | ||
| 2 | Lead | Sep 2019 | ||
| 2 | Lead | Feb 2020 | ||
| 2 | Participant | Mar 2016 | ||
| 2 | Participant | Mar 2016 | ||
| 2 | Lead | Mar 2016 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | May 2026 | ||
| 1 | Participant | Mar 2016 | ||
| 1 | Lead | May 2026 | ||
This data is available for Pro users. Sign up to see all 19 Elliptic investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialElliptic Competitors
Elliptic competitors include listed companies like HCR Co and Shanghai DZH, and private ones like Scalar, Unmarshal, Nansen and Proof.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $110M | - | $710M | 6.5x | ||
| Private | - | - | $600M | - | ||
| Private | - | - | $750M | - | ||
| Private | - | - | $760M | - | ||
| Publicly listed | $75M | ($3M) | $354M | - | ||
| Publicly listed | $123M | ($545K) | $2.4B | - |
Elliptic Public Comps
Elliptic is still privately-owned, but its public comps include Indokripto Koin Semesta, Rhino Bitcoin, BitGo Holdings, CARE Ratings, GlobalData, Finatext, HashKey Holdings, Stewards, Value Line and Coincheck Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $16M | $7M | 36.9x | - | 81.1x | - | |||
| $478K | ($417K) | 1242.8x | - | (1423.4x) | - | |||
| $16B | ($9M) | 0.1x | 5.5x | (125.1x) | 125.4x | |||
| $49M | $21M | 9.2x | 9.9x | 21.5x | 20.5x | |||
| $433M | $140M | 1.7x | 1.7x | 5.3x | 5.0x | |||
| $71M | $13M | 6.3x | 5.4x | 34.1x | - | |||
| $92M | ($109M) | 6.4x | - | (5.4x) | - | |||
| - | - | - | - | - | - | |||
This data is available for Pro users. Sign up to see all Elliptic competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Elliptic
| When was Elliptic founded? | Elliptic was founded in 2013. |
| Where is Elliptic headquartered? | Elliptic is headquartered in London, United Kingdom. |
| Is Elliptic publicly listed? | No, Elliptic is a private, VC-backed company. |
| What is Elliptic's valuation? | Elliptic was last valued at $670M in its Series D in May 2026. |
| How much funding has Elliptic raised? | Elliptic has raised $220M across 8 funding rounds. |
| What was Elliptic's last funding round? | Elliptic's last funding round was a strategic investment round in July 2026, led by Circle. |
| Who are Elliptic's investors? | Elliptic's investors include Octopus Ventures, SignalFire, AlbionVC, Evolution Equity Partners, SBI Holdings, Wells Fargo Strategic Capital, Digital Currency Group, Mouro Capital, Paladin Capital Group, SoftBank Group and 9 others. |
| Which companies are comparable to Elliptic? | Companies comparable to Elliptic include Scalar, Unmarshal, Nansen, Proof, HCR Co and Shanghai DZH. |
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