Cryptocurrency accounting and data company Lukka said it had raised $110 million in a new funding round led by hedge fund giant Marshall Wace.<\/p>\n
In a Friday announcement, Lukka said it had completed a $110 million Series E funding round led by Marshall Wace, with participation from Soros Fund Management \u2014 a fund created by billionaire investor George Soros,\u00a0Liberty City Ventures, S&P Global, and accounting advisor CPA.com. Lukka said it planned to use the funds for \u201caggressive growth and global expansion strategy\u201d with its current customer base dealing in derivatives, decentralized finance and other products related to the crypto space.<\/p>\n
Lukka CEO Robert Materazzi said the crypto ecosystem had entered a \u201cnew phase of maturity,\u201d 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.<\/p>\n
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.<\/p>\n