Lukka said it planned to use the funds for “aggressive growth and
global expansion strategy” with its current customer base dealing in
products related to the crypto space.
Cryptocurrency accounting and data company Lukka said it had raised
$110 million in a new funding round led by hedge fund giant Marshall
Wace.
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.
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.
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 as well as a
digital asset content library.
source link : https://cointelegraph.com/news/crypto-focused-software-firm-lukka-raises-110m-reaches-1-3b-valuation
