Elliptic crypto analytics raises 60 million USD from Softbank

Cryptocurrency analytics firm Elliptic has raised $60 million from investors including SoftBank and Wells Fargo Strategic Capital, the latest blockchain analytics firm to attract mainstream investment.

With larger investors warming to cryptocurrencies, blockchain analysis and data firms such as Elliptic are in greater demand, in part due to growing regulatory scrutiny on a sector fraught with compliance headaches such as illegal use of digital tokens.

London-based Elliptic said the Series C round was led by Evolution Equity, with the SoftBank Vision Fund 2 investing for the first time. Other new investors include Japan's SBI Group, Elliptic said in a statement, without disclosing its valuation.