Elliptic raises $120M Series D led by One Peak

Elliptic announced it has raised $120 million in a Series D round led by One Peak, with participation from Deutsche Bank, Nasdaq Ventures and the British Business Bank. The round values the London-based cryptocurrency analytics firm at $670 million.

The company said the funds will be used to scale its on-chain analytics products and services for large banks, fintech firms, government agencies, and crypto and payments companies that require enhanced transaction monitoring and compliance tools.

Founded in 2013, Elliptic has compiled a proprietary dataset covering more than 65 blockchains through ongoing collection and labeling of assets and entities. The firm says it used that dataset to deploy what it calls AI-native compliance at enterprise scale in 2025, as stablecoins and tokenized assets moved into broader use for payments and settlement.

Simone Maini, Elliptic’s chief executive officer, described the shift to on-chain financial systems and said institutions leading the change need an analytics partner that matches their scale, sophistication and ambition.

Sabih Behzad, Deutsche Bank’s global head of digital assets and currencies transformation, said the bank invested because it sees a need to strengthen institutional risk and compliance foundations in digital assets and that the investment reflects that focus.

Elliptic’s core products provide blockchain surveillance and analytics designed to help clients detect illicit activity, assess counterparty risk and meet regulatory reporting requirements. The company’s tools are aimed at compliance teams at regulated firms facing greater scrutiny of tokenized instruments and stablecoins.

The Series D follows a pattern of established financial institutions and venture investors backing companies that build infrastructure for crypto compliance and monitoring. Investors named in the round combine strategic participants and growth investors, reflecting continued interest in analytics products for regulated markets.