Crypto-Focused Software Company Lukka Raises $110M, Hits $1.3B Valuation

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

In an announcement on Friday, 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 the accounting consultant CPA. com. Lukka said he plans to use the funds for an “aggressive growth and global expansion strategy” with his current customer base that specializes 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 meet the challenges of innovative technologies in the industry. The company added 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 over $1 billion. Serving numerous active crypto funds, Lukka is said to have processed $2.1 trillion in unique trades to date.

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Related: Lukka co-CEO explains how blockchain data saves on taxes

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