Crypto Sleuthing Firm Elliptic Raises $23 Million in Fundraise Led by SBI

Blockchain forensics firm Elliptic has raised $23 million in a Series B funding round led by Tokyo-based financial institution SBI Holdings.

Announced Wednesday, the funding will help drive Elliptic’s Asia expansion, which includes a recently opened Singapore office and one in Japan that will open this week.

Tomoyuki Nii, executive officer for overseas investment at SBI Investment, who will be joining Elliptic’s board of directors, told CoinDesk that the Japanese company contributed $10 million to the funding round.

Also participating in the round were AlbionVC and existing investors including SignalFire, Octopus Ventures, and Santander Innoventures. (Ed Lascelles of AlbionVC will also be joining the Elliptic board.

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