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Wells Fargo Invests $5M In Blockchain Analysis Startup Elliptic

From pymnts.com

Wells Fargo Strategic Capital (WFSC) is backing the London-based blockchain analysis firm Elliptic with a $5 million investment, bringing the startup’s Series B round to $28 million, Elliptic announced in a press release on Thursday (Feb. 13). WFSC joins existing investors SBI Group and Santander InnoVentures. The funding will enable Elliptic to expand across Asia and collaborate with financial institutions for an increased understanding of the cryptocurrency ecosystem. The additional investment brings the company’s total money raised to over $40 million. Elliptic, founded in 2013, has become known for cryptocurrency ... (full story)

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  • Category: Fundamental Analysis