Elliptic raises $120m Series D, valued at $670m
One Peak, Nasdaq and Deutsche Bank back the round — Volution participates alongside
Elliptic, the digital asset compliance platform and a Volution portfolio company, has closed a $120 million Series D round led by One Peak, with participation from Nasdaq Ventures, Deutsche Bank and the British Business Bank. The round values the company at $670 million. Volution participated in the round alongside existing and new investors.
Founded in 2013, Elliptic has built the deepest and most comprehensive proprietary dataset in blockchain analytics, spanning 65+ blockchains and covering more than one billion transactions screened weekly for over 700 customers across 30 countries. Its platform provides enterprise-grade on-chain compliance infrastructure to banks, crypto exchanges, payments firms and government agencies.
The raise reflects both the growing institutionalisation of digital assets and rising regulatory demand for scalable compliance solutions. Stablecoins alone processed $33 trillion in transactions in 2025, and Elliptic's tooling sits across two thirds of global crypto exchange volume.
Proceeds will fund further development of the company's AI-native compliance capabilities and expand its reach into traditional financial institutions moving on-chain.
"Financial systems are being rebuilt on-chain," said Simone Maini, CEO of Elliptic. "The institutions leading that transition need an on-chain analytics partner that matches their scale, their sophistication, and their ambition... We built Elliptic for exactly this moment, and this funding lets us move faster to meet it."
James Codling, Managing Partner of Volution commented, "We backed Simone Maini and the Elliptic team in June 2025 and are delighted to be part of this milestone round. It is a strong validation of the thesis that institutional digital asset adoption requires purpose-built compliance infrastructure — and that Elliptic is the market leader to provide it."
Read Elliptic's full press release here. The raise was also featured widely in the news, including on Bloomberg.