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



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

Cryptocurrency accounting and data firm Lukka said it has raised $110 million in a new round of funding led by hedge fund giant Marshall Wace.

In an announcement on Friday, Lukka said it had raised a $110 million Series E funding round led by Marshall Wace with participation from Soros Fund Management – a fund founded by billionaire George Soros – Liberty City Ventures , S&P Global and Accounting Advisor CPA. com. Lukka said it plans to use the funds for “aggressive growth and a global expansion strategy” with its current client base trading in derivatives, decentralized finance and other products related to the crypto space.

Lukka CEO Robert Materazzi said the crypto ecosystem has entered a “new phase of maturity” as the company strives to address challenges through innovative technologies in the industry. The company added the S&P Dow Jones indices, major accounting firm RSM and financial services firm State Street to its list of clients in 2021.

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

Related: Lukka Co-CEO explains how blockchain data saves taxes

Founded in 2014 and based in New York, the company is focused on providing blockchain and tokenized asset data to support businesses in the crypto space. Lukka’s products include tax solutions and data assessments for a content library for digital assets.