Elliptic raises $120M Series D at $670M valuation to scale AI-native crypto compliance
May 12, 2026
London-based blockchain analytics firm Elliptic has closed a $120M (£88.6M) Series D led by growth equity firm One Peak, with participation from Nasdaq Ventures, Deutsche Bank and the British Business Bank, valuing the company at $670M.
As banks, payments firms and corporate treasuries move stablecoins and tokenised assets onto public blockchains, compliance teams are being asked to monitor transaction flows at a scale legacy controls were never built for. Stablecoins alone moved $33 trillion in 2025, according to figures cited by Elliptic, and regulators in the EU and US have been raising the bar on what counts as adequate screening.
Elliptic sells software that ingests on-chain activity across more than 65 blockchains, scores wallets and transactions for sanctions, fraud and money-laundering risk, and feeds the output into banks, exchanges, fintechs and government agencies. The company says it now screens more than one billion transactions a week for over 700 customers across 30 countries, and that two-thirds of global crypto trading volume flows through exchanges already on its platform. Founded in 2013 by Tom Robinson, Adam Joyce and James Smith, it is led by CEO Simone Maini, who joined as COO in 2016 and took the top job in 2020.
The Series D follows roughly $100M of prior capital, including a 2021 Series C led by Evolution Equity Partners with JPMorgan participating. Existing backers AlbionVC, Evolution Equity Partners and JPMorgan returned for this round. Elliptic is the only blockchain analytics provider with strategic backing from four globally systemically important banks — HSBC, JPMorgan, Santander and Wells Fargo.
The new capital is earmarked for an agentic AI product roadmap that automates the repetitive parts of transaction screening and alert triage, so compliance analysts can focus on investigation rather than queue clearance. Maini told CoinDesk the company will build agents that sit on top of Elliptic's proprietary dataset, with the aim of resolving alerts in minutes rather than hours and lowering cost per investigation as volumes grow. The participation of Nasdaq and Deutsche Bank — alongside the British Business Bank's growth mandate — signals that traditional finance increasingly treats on-chain compliance infrastructure as a category to back rather than build.
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