JPMorgan joins Elliptic funding round
- May 27, 2022
- 0
Analyst firm Elliptic announced that it is pulling financial conglomerate JPMorgan as an additional investor in the Series C round. Elliptic today announced JP Morgan as an additional
Analyst firm Elliptic announced that it is pulling financial conglomerate JPMorgan as an additional investor in the Series C round.
Elliptic today announced JP Morgan as an additional investor as part of its latest $60 million Series C funding round led by Evolution Equity Partners | Read more https://t.co/SVjazR5sCE
— elliptical (@elliptic) 26 May 2022
The firm raised $60 million in October 2021. The lead investor was Evolution Equity Partners, with participation from SoftBank (through Vision Fund 2), AlbionVC, Wells Fargo, Santander and Octopus Ventures.
“This investment will help accelerate Elliptic’s global expansion and enable financial services institutions to harness the power of cryptocurrencies with increased confidence and confidence,” the press release says.
During its Series C round, Elliptic’s total funding reached $100 million, but the firm did not disclose its valuation.
Recall that in May, JPMorgan analysts concluded that the crypto winter would be short-lived due to the influx of venture capital into the industry.
Source: Fork Log
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