Lukka, the cryptocurrency accounting and data company, has raised $110 million in a new funding round led by hedge fund giant Marshall Wace.
It has been reported that 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.
However, Lukka said that 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.
Robert Materazzi, the CEO of Lukka, said that 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 report said that 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.
Thus, among Lukka’s products are tax solutions and data valuations as well as a digital asset content library.