Business

Lukka, A Cryptocurrency-Based Software Company, Acquires $110 Mln And Is Valued At $1.3 Bln.

Lukka, a crypto accounting as well as for analytics startup, announced a $110 million investment round headed by hedge fund titan Marshall Wace.

A release was made on Friday wherein Lukka stated it has concluded a $110 million Series E investment phase headed by Marshall Wace, with involvement from Soros Fund Management, Liberty City Ventures, S&P Global, as well as accounting firm CPA.com. Lukka stated that the money will be used for “radical development and worldwide expansion agenda,” with its present client base engaging in derivatives, decentralised finance, as well as other crypto-related goods.

According to Lukka CEO Robert Materazzi, the cryptocurrency environment has reached a “fresh stage of maturity,” with the company attempting to address difficulties posed by creative technologies in the sector. In 2021, the business gained the S&P Dow Jones Indices, the large accounting business RSM, as well as the financial services corporation State Street to its client roster.

The cryptocurrency-based software company raised $53 million in March 2021 and just earned unicorn classification with a worth of over $1 billion. Lukka has allegedly completed $2.1 trillion in distinct transactions to far, serving numerous active cryptocurrency funds.

The New York-based startup, established in 2014, concentrates on providing blockchain as well as tokenized asset information to assist organisations operating in the cryptocurrency field. Lukka’s offerings include tax remedies, data evaluations, and a digital asset content catalogue.

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