Crypto-focused software company Lukka raises $ 110 million, reaches valuation of $ 1.3 billion

Crypto-focused software company Lukka raises $ 110 million, reaches valuation of $ 1.3 billion

Lukka CEO Robert Materazzi said the crypto ecosystem had entered a “new phase of maturity,” with the firm aiming to address challenges from innovative technology in the industry. The company added the S&P Dow Jones Indices, major accounting firm RSM, and financial services company State Street to its list of customers in 2021.

In a Friday announcement, Lukka said it had completed a $110 million Series E funding round led by Marshall Wace, with participation from Soros Fund Management — a fund created by billionaire investor George Soros — Liberty City Ventures, S&P Global, and accounting advisor CPA.com. Lukka said it planned to use the funds for “aggressive growth and global expansion strategy” with its current customer base dealing in derivatives, decentralized finance, and other products related to the crypto space.

Highlights

  • Related: Lukka Co-CEO Explains How Blockchain Data Saves on Taxes

  • The crypto-focused software firm announced a $53 million raise in March 2021, and recently achieved unicorn status with a more than $1 billion valuation. Serving many active crypto funds, Lukka has reportedly processed $2.1 trillion in unique transactions to date.

Founded in 2014, the New York-based company focuses on offering blockchain and tokenized asset data to help businesses involved in the crypto space. Among Lukka’s products are tax solutions and data valuations to a digital asset content library.