Crypto-focused software company Lukka raises $110M at $1.3B valuation

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

In Friday’s announcement, Luca Say It has closed a $110 million Series E round led by Marshall Wace, with participation from Soros Fund Management. Created by billionaire investor George Soros, Liberty City Ventures, S&P Global and accounting advisor CPA.com. Lukka said it plans to use the funds for an “aggressive growth and global expansion strategy,” with its current client base working in derivatives, decentralized finance and other crypto-related products.

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

Encryption-focused software company Announcing a $53 million raise In March 2021, it recently achieved unicorn status at a valuation of over $1 billion. Lukka reportedly serves many active crypto funds and has processed $2.1 trillion in unique transactions to date.

related: Lukka Co-CEO Explains How Blockchain Data Can Save Taxes

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