Elliptic

cryptocurrencyblockchainregtechauthentication and fraud preventionrisk management

FOUNDING YEAR: 2013
LOCATION: United Kingdom
Last Update: 17/07/2020

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About

Elliptic is a Bitcoin surveillance firm that identifies illicit activity on the Bitcoin blockchain. It further analyzes the transactions and provides actionable insights to financial institutions and law enforcement agencies. The transaction-tracing platform mines the public Bitcoin ledger to identify and flag up suspicious transaction patterns within the distributed digital currency.

Focus

PRODUCTS & SERVICES

The platform helps financial institutions and law enforcement agencies in the following way: The platform helps financial institutions to safeguard themselves from fraud and fines by delivering enterprise-scale Bitcoin transaction monitoring services. The platform enables FIs and banks to assess the risk that a customer poses to an enterprise. It further helps them to streamline their communications with law enforcement agencies, regulators, and banks. Elliptic helps law enforcement agencies by providing actionable insights for complex investigations. It monitors thousands of Bitcoin transactions across hundreds of entities and helps them connect illicit Bitcoin activity to real-world actors. The proprietary database links millions of Bitcoin addresses to thousands of clear web and dark web entities.

REVENUE MODEL

The customers will be charged an annual fee – 0.75% of their account value.

MAIN CLIENTS

Financial institutions and law enforcement agencies

Traction

VALUATION / MARKET CAP:

$33.33 M in 2016

People

FOUNDERS

Tom Robinson

Adam Joyce

BOARD MEMBERS AND ADVISORS

Manuel Silva Martinez

Chris Grew

James Smith

Tom Robinson

Adam Joyce

Eitan Jankelewitz

Martine Niejadlik

Nadav Rosenberg

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Carlos Eduardo

Daniel Masters

Digital Currency Group

Frederic Lardieg

John Power

KRW Schindler Private Ventures

Octopus Investments

Octopus Ventures

Rebecca Marshall

Reshma Sohoni

Robin Grant

Santander InnoVentures

Seedcamp

SignalFire

Momentum

FUNDED

YES

TOTAL FUNDING

$17 M

DATE OF LAST FUNDING

Feb 2020

SEED & PRIOR FUNDING

$2 M

SEED CLOSED ON

Jul 2014

FUNDING SERIES

SERIES A  · $5 M  · Mar 2016

SERIES B  · $5 M  · Feb 2020

OTHERS  · $5 M · Dec 2017

LISTED

NO

Innovation Programs

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