Elementus Closes $10 Million Series A-2 Funding Round Led by ParaFi Capital

Elementus, a blockchain analytics company, closed a $10 million round of funding at a $160 million valuation led by ParaFi Capital with participation from Moonshots Capital, Spitfire Ventures and Colaco Investment Group. The funds raised will be used for hiring and new product development.

Founded in 2018, Elementus provides blockchain compliance and data analytics solutions to government agencies, financial institutions, researchers and investors.

Previously, Elementus closed a $12 million Series A funding round in October 2021 led by Velvet Sea Ventures, with funding from Alameda Research, BlockFi, Pomp Investments, Lightspeed, Gemini Frontier Fund Blockchain.com, and Avon Ventures.