Lukka, a cryptocurrency accounting and analytics firm, announced that it has raised $110 million in a new investment round led by Marshall Wace, a hedge fund legend.
Lukka announced on Friday that it has closed a $110 million Series E investment round led by Marshall Wace. With participation from billionaire investor George Soros’ Soros Fund Management, Liberty City Ventures, S&P Global, and accounting firm CPA.com. With its present customer base dealing in derivatives, decentralised finance, and other crypto-related products, Lukka said it wanted to use the cash for “aggressive growth and worldwide expansion strategy.”
Additionally, Lukka CEO Robert Materazzi said the crypto ecosystem had reached a “new stage of maturity”. With the company attempting to address difficulties posed by cutting-edge technology. In 2021, the S&P Dow Jones Indices, major accounting firm RSM. As well as financial services giant State Street were added to the company’s customer roster.
In March 2021, the crypto-focused software company announced a $53 million funding round. And it recently reached unicorn status with a valuation of more than $1 billion. Lukka claims to have completed $2.1 trillion in unique transactions to date, serving a number of active crypto funds.
The New York-based firm, which founded in 2014, specialises in providing blockchain and tokenized asset data to firms in the cryptocurrency area. Tax solutions and data valuations, as well as a digital asset content library, are among Lukka’s offerings.