JPMorgan joins Elliptic in Series C funding round

Analytics firm Elliptic announced that JPMorgan, a financial holding, would join as an additional investor in a Series C round.

Elliptic today announces J.P. Morgan as an additional investor as part of its recent $60 million Series C funding round led by Evolution Equity Partners | Read more https://t.co/SVjazR5sCE

— elliptic (@elliptic) May 26, 2022

In October 2021 the firm raised $60 million. Lead investor was Evolution Equity Partners with participation from SoftBank (via Vision Fund 2), AlbionVC, Wells Fargo, Santander and Octopus Ventures.

“These investments will help accelerate Elliptic’s global expansion and enable financial services institutions to harness the opportunities of cryptocurrency with greater trust and confidence,” the press release states.

During the Series C round, Elliptic’s total funding reached $100 million. The company did not disclose its valuation.

Earlier in May, JPMorgan analysts concluded that crypto winter would be short due to venture capital inflows into the industry.

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