Crypto data and accounting firm, Lukka has entered the crypto unicorn club with a current valuation of $1.3 billion attained after its recent fundraise where it pulled $110 million from both old and new backers in a new Series E investment round.
Coming off as the latest startup contributing to crypto’s mainstream growth agenda, Lukka’s latest backers include Marshall Wace, a global alternative asset manager, 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. Some of these investors also supported Lukka when it completed its Series D round about 9 months ago.
“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.”
Lukka is a data solutions and service provider that is growing its influence in the ecosystem by the day. Its favored backing from investors is arguably a function of its unique product offering that is now being adopted by the likes of State Street, S&P Dow Jones Indices, and RSM amongst others.
As the company noted, the funding round will be injected into accelerating its growth and global expansion strategies moving forward.
Backing Vision and Solution Providers
Many startups in the digital currency ecosystem are arguably advancing the growth of the crypto, but with different visions and strategies. Investors back projects for various reasons and some of Lukka’s current investors believe the platform has what it takes to redefine crypto data analytics and reporting.
“We are extremely excited to partner with the visionary team at Lukka as they address the growing data, financial reporting, and analytics challenges of the crypto-asset ecosystem,” said Steven Binetter, Portfolio Manager at Marshall Wace. “Lukka’s comprehensive suite of reporting and analytics software and data solutions enables clients to meet a rapidly evolving set of critical needs. As crypto assets and blockchain redefine global commerce, Lukka is building the infrastructure for this future.”
Many startups, including the Non-Fungible Token (NFT) marketplace, OpenSea, and FTX Derivatives Exchange are amongst the crypto-focused firms that have benefitted from the heightened funds splash in the nascent ecosystem, and more are billed to join the trend this year.