Crypto-Focused Software Company Lukka Raises $ 110 Million, Reaches $ 1.3 Billion Valuation

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

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

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Lukka CEO Robert Materazzi said the crypto ecosystem has entered a “new phase of maturity” as the company aims to address the challenges posed by the industry’s innovative technologies. The company added the S&P Dow Jones Indices, large accounting firm RSM and financial services firm State Street to its client list in 2021.

The crypto-focused software company announced a $ 53 million raise in March 2021 and recently achieved unicorn status with a valuation of over $ 1 billion. Serving many active crypto funds, Lukka is said to have processed $ 2.1 trillion in unique transactions to date.

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

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