ELLIPTIC RAISES $120M AT $670M VALUATION

Elliptic Enterprises Ltd. closed the funding round with backing from Deutsche Bank and other investors. The company provides blockchain analytics services to financial institutions and government agencies seeking to identify illicit activity across cryptocurrency networks. The platform's scale reflects growing institutional demand for compliance tools in crypto markets. Elliptic screens transactions across multiple blockchains to flag suspicious activity, enabling clients to meet regulatory requirements. The $120 million injection marks a significant valuation increase for the company, which has expanded its customer base among major banks and law enforcement agencies. The funding will support product development and geographic expansion. Blockchain analytics has become critical infrastructure as crypto adoption accelerates and regulators demand better monitoring capabilities. Elliptic competes with firms like Chainalysis and TRM Labs in the growing market for transaction screening and compliance solutions.