lukka 110m series wace theblock

Lukka raised $110M at a 1.3B Valuation led by Marshall Wace

Lukka, the leading enterprise crypto-asset software, and data provider announced the completion of a $110 million Series E investment round, valuing the company at more than $1.3 billion. This round comes just nine months after they closed their Series D round. The funds will be utilized to quicken Lukka’s plan for international expansion.

The Series E round of funding for Lukka was led by global asset manager Marshall Wace, with participation from Miami International Holdings, Summer Capital, and SiriusPoint. They all contributed to Lukka’s $53 million

Additionally participating in the round were previous backers Soros Fund Management, Liberty City Ventures, S&P Global, and, an American Institute of Certified Public Accountants subsidiary (AICPA). They contributed to Lukka’s $53 million Series D fundraising in March 2021.

With additional funding, New York-based Lukka intends to grow internationally. The demand for the company’s data and software solutions will increase further, according to Robert Materazzi, CEO of Lukka, as the cryptocurrency sector moves into a new stage of maturity.           

The New York-based company Lukka was established in 2014 and offers institutional-grade software and data for managing crypto assets, conducting transactions, and providing downstream services. Customers range from cryptocurrency exchanges to institutional trading desks to CPA and accounting firms. Lukka provides middle and back-office software and data solutions to the world’s largest digital asset institutions.

Lukka is the only institutional-grade crypto asset data and software provider that meets rigorous technical control standards for its data and software products, such as AICPA SOC 1 Type II and SOC 2 Type II Service Organization Controls. The development of Lukka’s products adheres to institutional standards such as the AICPA SOC Controls, which place a strong emphasis on precision and thoroughness.

According to Steven Binetter, portfolio manager at Marshall Wace, “Lukka’s extensive suite of reporting and analytics software and data solutions enables clients to satisfy a continuously growing set of vital needs.” “Lukka is constructing the foundation for this future as crypto assets and blockchain change global trade,” the statement reads.

Lukka announced last year that it had added financial services firm State Street and S&P Dow Jones Indices to its customer list. Both companies have taken part in Lukka funding rounds.

Lukka’s total funding currently exceeds $200 million, thanks to the Series E round. Previously, the company raised more than $90 million in various funding rounds.