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British Business Bank invests $17.5m in Elliptic, including a second investment made by British Growth Partnership Fund I

Press release 12 May 2026

The British Business Bank has made a $17.5m (c. £13m) investment in Elliptic, the UK-based fintech company, as part of its $120m Series D round. The investment includes capital from the British Growth Partnership Fund I as well as the Bank’s core balance sheet. This is the second investment announced from British Growth Partnership Fund I following the announcement of the fund’s first close and its investment into Wayve on 1 April.

The round was led by One Peak with participation from other new investors including Nasdaq and Deutsche Bank. Existing investors also participated including Albion and Evolution.

Founded in 2013, Elliptic is a UK headquartered blockchain analytics and compliance platform. Global financial institutions increasingly view digital assets as core to strategy, not a peripheral consideration, which has created growing demand for enterprise-grade compliance infrastructure.

Elliptic’s AI-native platform provides high‑accuracy blockchain intelligence, cross‑chain transaction monitoring, and risk insights across the full spectrum of digital assets. Its analytics and compliance platform is used by governments, major banks, payment providers, and crypto exchanges to detect illicit activity, meet regulatory expectations, and operate safely at scale.

The company has positioned itself as leader in this growing market and is a partner to global financial institutions. Two thirds of global crypto volume is transacted on exchanges that already rely on Elliptic.

The fundraise will accelerate Elliptic's mission to deliver the enterprise-grade on-chain analytics for the largest banks, fintechs, government agencies and crypto and payments companies across the world.

British Growth Partnership Fund I is an investment vehicle designed to address structural barriers and help pension funds increase their allocations to UK venture capital. The fund invests in high growth UK companies by leveraging the Bank’s market access and position as the most active late-stage direct investor in the UK and the largest investor in UK venture capital. BGP Fund I main investors include Aegon, Cushon Master Trust, and M&G so this investment demonstrates how pension fund capital is already being deployed into UK scale-ups and that the Bank can do this at speed through the British Growth Partnership.

Charlotte Lawrence, Managing Director of Direct Equity, British Business Bank said:

As institutional adoption of digital assets accelerates, the demand for scalable compliance solutions has never been higher. Elliptic pioneered the use of blockchain analytics to meet this challenge and has cemented its status as a global leader, screening over 1 billion transactions a week for 70+ customers in 30 countries. This investment also proves the British Growth Partnership is doing exactly what it was built to do: unlocking the explosive growth of UK technology scale-ups to deliver long term value for our pension funds.

Max Middleton, Associate Director at British Business Bank, said:

Elliptic’s unique proprietary dataset constructed over a decade in the industry gives it a distinct edge and one that would be difficult for a competitor to replicate. This combined with its enterprise grade, AI-native platform enables the company to deliver compliance and risk monitoring at the scale and speed needed by major financial institutions. This investment supports a high-growth UK fintech at the forefront of an important evolution in global finance.

Further Information

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Notes to editors

About the British Business Bank

The British Business Bank is the UK government’s economic development bank. Established in November 2014, its mission is to drive economic growth by helping smaller businesses get the finance they need to start, scale and stay in the UK. In doing so, we help capture the economic value of innovation for the UK and create jobs and prosperity for people across the country.

The British Business Bank’s core programmes support £23bn 1   of finance to almost 64,000 2  smaller businesses.

British Business Bank plc is a public limited company registered in England and Wales, registration number 08616013, registered office at Steel City House, West Street, Sheffield, S1 2GQ. It is a development bank wholly owned by HM Government. British Business Bank plc and its subsidiaries are not banking institutions and do not operate as such. With the exception of BBB Investment Services Limited they are not authorised or regulated by the Prudential Regulation Authority or the Financial Conduct Authority. BBB Investment Services Limited is authorised and regulated by the Financial Conduct Authority. A complete legal structure chart for the group can be found at british-business-bank.co.uk.

British Patient Capital Limited is registered in England and Wales with company number 11271076, and registered office at Steel City House, West Street, Sheffield, S1 2GQ. British Patient Capital makes commitments and invests on its own behalf and on behalf of third-party investors whose investments British Patient Capital manages.

The transaction described above does not constitute or imply any endorsement, warranty or recommendation by the UK government, the British Business Bank plc, its subsidiaries or any other party in respect of Elliptic or its products or services.

About Elliptic

Elliptic is the leader in digital asset decisioning, we have built the most comprehensive platform for efficiently extracting cryptoasset data and intelligence across blockchains with the greatest accuracy.

Our platform’s unrivalled uptime, scalability, depth and breadth of our data and intelligence means exacting organizations choose Elliptic for their compliance, risk management, intelligence operations and blockchain infrastructure needs.

Founded in 2013, Elliptic is headquartered in London with offices in New York, Washington D.C., Miami, Dubai, Singapore and Tokyo. To learn more, visit elliptic.co and follow us on LinkedIn and X.

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