The sudden collapse of FTX, Celsius, BlockFi, and other large crypto firms in 2022 have prompted skeptics to declare the death of crypto. However, amid the rubble, other blockchain companies are quietly expanding.
These include Elementus, a blockchain analytics firm founded in 2018, which announced on Monday that it has raised $10 million in a new funding round led by ParaFi Capital. The new round values the company at $160 million—up from its last valuation of $52 million—with Moonshots Capital, Spitfire Ventures, and Colaco Investment Group among the other investors.
