Elliptic, a fintech company providing intelligence services for blockchain transactions, has concluded a US$5mn fundraising round led by Paladin Capital Group, and in which existing investor Octopus Ventures was joined by Santander InnoVentures, KRW Schindler, and Digital Currency Group. Christopher Steed, managing director of Paladin Capital Group, has joined Elliptic’s board of directors alongside Octopus Ventures, while Santander InnoVentures is participating as a board observer. Elliptic uses graph analysis and machine learning to identify illicit activity in blockchain transactions, and the funds will support product innovation for financial institutions and law enforcement agencies. “Over the last three years we have built a top-tier client base. Our new investors bring deep expertise in law enforcement, international financial services, and blockchain technology and we are excited to work with them on our next phase of growth. We have already been able to expand operations to the US and will continue to extend our portfolio of products,” says Elliptic CEO and co-founder James Smith.
http://www.gtreview.com/news/global/elliptic-blockchain-intelligence-firm-raises-funds/
