JPMorgan Participates in Elliptic’s Funding Round

Analytical company Elliptic has announced financial holding JPMorgan has taken part as an additional investor in the company’s latest Series C funding round round.

The company attracted $60 million in October 2021 in a fundraising led by Evolution Equity Partners and that also saw the participation of SoftBank (through Vision Fund 2), AlbionVC, Wells Fargo, Santander, and Octopus Ventures.

According to the press release:

“This investment will help accelerate Elliptic’s global expansion and enable financial services institutions to harness the power of cryptocurrencies with increased trust and confidence.”

Elliptic’s total funding reached $100 million following the Series C round, however, the company has not unveiled its total valuation.