Blockchain analytics company Elliptic has raised $120 million in a Series D funding round, valuing the firm at $670 million. The round was led by One Peak and included investments from Nasdaq Ventures, Deutsche Bank, and the British Business Bank.
The funds will be used to expand Elliptic's AI-powered blockchain analytics platform, which screens over 1 billion transactions per week across 65 networks. The company serves more than 700 customers in 30 countries, including banks, fintech firms, and government agencies.
Demand for real-time anti-money laundering tools is surging as stablecoins and tokenized assets gain mainstream adoption. Elliptic, founded in 2013, helps clients track illicit activity and comply with regulatory requirements.
The investment underscores growing institutional confidence in blockchain analytics and compliance technology.