Elliptic

Elliptic

cryptocurrency | blockchain | regtech | authentication and fraud prevention | risk management
website linkedin address
  • FOUNDING YEAR: 2013
    LOCATION:
    United Kingdom
    REGION:
    Last Update:
    18 Oct, 2019

Description

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:
Viewable by subscribers only
MAIN CLIENTS:
Financial institutions and law enforcement agencies

PEOPLE

FOUNDERS:
Adam Joyce, James Smith, Tom Robinson
Board Members and Advisors:
James Smith, Tom Robinson, Adam Joyce, Chris Grew, Eitan Jankelewitz, Martine Niejadlik, Nadav Rosenberg, Manuel Silva Martinez
NUMBER OF EMPLOYEES:
1-10
INVESTORS:
Octopus Investments, Seedcamp, John Power, Daniel Masters, Frederic Lardieg, Rebecca Marshall, Carlos Eduardo, Reshma Sohoni, Robin Grant, Digital Currency Group, Santander InnoVentures, KRW Schindler Private Ventures

TRACTION

VALUATION / MARKET CAP:
$33.33 MM in 2016

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$7 Millions
DATE OF LAST FUNDING:
Mar 2016
SEED & PRIOR FUNDING:
$2 Millions
SEED CLOSED ON:
Jul 2014
FUNDING SERIES:
SERIES A
$5 Millions Closed: Mar 2016
LISTED:
NO

LATEST RESEARCH


Innovation Programmes

Seedcamp
Seedcamp