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Dentons US LLP

10/19/2021 | Press release | Distributed by Public on 10/19/2021 07:51

Dentons advises Evolution Equity Partners as lead investor on Elliptic's US$60 million Series C round

October 19, 2021

London-Dentons has advised Evolution Equity Partners as lead investor on Elliptic's US$60 million Series C funding. There was also new investment from Softbank Vision Fund 2.

Existing investors AlbionVC, Digital Currency Group, Wells Fargo Strategic Capital, SBI Group, Octopus Ventures, SignalFire and Paladin Capital Group also participated.

Elliptic is a cryptoasset risk management firm and they serve traditional financial institutions, fintechs, crypto businesses and government agencies with the leading suite of compliance and investigative solutions built specifically for cryptoassets. The latest fundraise will accelerate Elliptic's efforts in enabling financial markets participants to embrace the crypto opportunity with trust and confidence.

With the new investment, Elliptic plans to strengthen its global leadership position through continued research and development, investment in its global network and expansion of Elliptic's team, particularly in the US. Richard Seewald, Founder and Managing Partner at Evolution Equity Partners will join the Board of Directors to provide strategic, proven leadership building global software companies.

Richard Seewald commented, "We are grateful to the entire team at Dentons for their pragmatic advice, technical expertise and seamless support throughout this cross-border process."

Joseph Altendorff, UK Head of Dentons' Venture Technology and Emerging Growth Companies Group, said, "We're very pleased to have had the opportunity to act for regular client Evolution Equity Partners as they join Elliptic in this exciting sector."

The Dentons team was led by Joseph Altendorff and included Corporate associate Ben Lloyd, with other specialists from its Ventures group including Technology partner Henrietta Baker, Employment partner Sarah Beeby, Tax partner Gwen Souter, and Data Protection associate Muneeb Gill. US law advice was provided by Adrian Stewart.

In 2020, Dentons advised Evolution Equity Partners as lead investor on Quantexa's £51 million Series C round.

About Dentons

Dentons is the world's largest law firm, connecting top-tier talent to the world's challenges and opportunities with 20,000 professionals including 12,000 lawyers, in more than 200 locations, in more than 80 countries. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and award-winning client service challenge the status quo to advance client interests. www.dentons.com