JPMorgan Joins Elliptic's $60M Funding
Main page News, Banking, Blockchain, Cryptocurrency
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26 May

Elliptic, a blockchain forensic firm, has announced Thursday that banking giant JPMorgan has become an additional investor of its recent $60 million Series C funding round led by Evolution Equity Partners.

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Although the firm didn't clarify how much the New York-based bank put in the round, it said that the investment "will help accelerate Elliptic's global expansion" and further "enable financial services market institutions to embrace the crypto opportunity with increased trust and confidence."

Simone Maini, Elliptic CEO, says the crypto market is poised to gain 10x from its current value thanks to businesses "keen to shape the future of finance." He said:

"We are focused on enabling the opportunity to help organizations unlock the true value of crypto."

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In October 2021, Elliptic raised $60 million from a pool of investors, including SoftBank Vision Fund 2, AlbionVC, Digital Currency Group, Wells Fargo Strategic Capital, SBI Group, and others. As part of that investment, Richard Seewald, Founder and Managing Partner at Evolution Equity Partners, also joined Elliptic's Board of Directors.

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