Lukka, a New York-based enterprise crypto asset software and data provider, has closed a Series E investment round of $110 million, valuing the company at more than $1.3 billion.
The new financing follows a $53 million Series D held last spring. The company’s Series C round, held in 2020, brought in $15 million.
This latest round was led by Marshall Wace, a global alternative asset manager. Other investors include Miami International Holdings, Summer Capital, and SiriusPoint. Previous investors that contributed to the Series D round – Soros Fund Management, Liberty City Ventures, S&P Global, and CPA.com (a subsidiary of the American Institute of Certified Public Accountants) – also participated.
Lukka claims to be the only institutional-grade crypto asset data and software provider that satisfies technical control standards like AICPA SOC 1 Type II and SOC 2 Type II Service Organisation Controls for its data and software products.
“As crypto assets and blockchain redefine global commerce, Lukka is building the infrastructure for this future,” comments Steven Binetter, portfolio manager at Marshall Wace.
Lukka says the latest capital injection will “accelerate its aggressive growth and global expansion strategy”.
Lukka was founded in 2014. It services crypto asset exchanges and trading desks, CPA and accounting firms, fund and financial auditors, fund administrators, miners, protocols, individuals, and other businesses interacting with crypto assets.
Among its clients are State Street, S&P Dow Jones Indices, and RSM, who all leverage the vendor’s products to manage crypto asset data, transactions, and downstream services.
Lukka says it has processed more than $2.1 trillion unique transactions to date, supporting 10,415 entities engaging in crypto activities.