Software Provider Lukka Raises $110M in Series E at $1.3B Valuation

Lukka, an enterprise crypto-asset software, and data provider has completed its Series E fundraise, pulling $110 million from investors to raise its valuation to $1.3 billion.

According to the press release shared by the startup, participants in the funding round include Marshall Wace, Miami International Holdings, Inc., Summer Capital, and SiriusPoint Ltd., as well as participation from previous investors Soros Fund Management, Liberty City Ventures, S&P Global, and CPA.com.

Lukka is a data and solutions developer and currently prides itself as the “only institutional-grade crypto asset data and software provider that satisfies rigorous technical control standards, such as AICPA SOC 1 Type II and SOC 2 Type II Service Organization Controls, for its data and software products.”

“With the crypto-asset ecosystem entering a new phase of maturity, the need for Lukka’s institutional quality data and software solutions has never been more relevant,” said Robert Materazzi, CEO of Lukka. “We take pride in solving the most complex data challenges for our customers and now partnered with the world-class investors who participated in this round, we look forward to tackling all of the challenges that result from the incredible innovation that continues across the disruptive crypto industry.” 

The New York-based startup has raised its client base in the past year, and now services State Street, S&P Dow Jones Indices, and RSM, all of whom rely on its data services “to manage crypto asset data, transactions, and downstream services.” Lukka hopes to use the latest liquidity injection to accelerate its aggressive growth and global expansion strategy. 

The cryptocurrency industry saw a very milestone jump in 2021 as it relates to venture capital funding with more than $25 billion raised in total. This year has opened up with even more impressive figures.

Previously, Blockchain.News reported a $300 million funding round that pushed its valuation up to $13.3 billion in just about 4 years of operation. With the traction the ecosystem has garnered thus far, one might expect a new funding record to be achieved this year.

Image source: Shutterstock