Lukka, a specialist enterprise crypto asset software and data provider, announced it has completed its USD53m Series D round of financing. Participants in the round include Soros Fund Management, S&P Global, and CPA.com (a subsidiary of the American Institute of Certified Public Accountants). This fundraise follows Lukka’s recent Series C round, which was led by State Street just three months prior.
This investment will accelerate Lukka’s operations as a specialist institutional-grade middle and back office crypto asset software and data provider at a time when the rapid adoption of crypto assets by the traditional financial services industry requires more mature software and data solutions to support business operations. Lukka’s software and data solutions turn complex crypto asset data into easy-to-use information so that businesses can support traditional middle and back-office operations. The firm does this in accord with industry-trusted technical control standards such as AICPA System and Organization Controls (SOC).
Lukka’s notable partnerships with S&P Dow Jones Indices (S&P DJI) to support the build-out of crypto asset indices and crypto asset data distribution with IHS Markit have put a focus on the institutional quality software and data services that Lukka offers.
Lukka’s customer base spans across both the crypto native and traditional financial industry. The firm currently serves over 200 active crypto funds, has assisted companies like ShapeShift and other major crypto exchanges and OTC Desks through financial audits, and supplies crypto asset data to the largest traditional financial and crypto native firms including S&P Dow Jones Indices, IHS Markit, RSM, Arca and many others. Lukka’s processed USD4.4 trillion unique transactions to date valued in USD.
With this additional capital, Lukka will scale its business to stay ahead of that rapidly innovating crypto industry. Lukka will continue to add additional product features to support customers with derivatives, DeFi products, and other attractive crypto ecosystem innovations while preserving transparency and integrity. Lukka leads the post-trade crypto world by creating products, such as Lukka Reference Data and Lukka Prime, that solve crypto ecosystem complexities. Additionally, Lukka is supporting the consumer ecosystem with its newly launched Lukka Essentials, a free portfolio management solution for retail consumers with low-cost tax reporting options.
“Innovation in the crypto ecosystem has exposed traditional finance to a new way of exchanging assets around the world. However, with any rapidly innovating industry, finance and other middle and back-office operations can lag behind driving revenue and growth, which can quickly lead to very challenging and costly data issues when they begin to think about financial reporting, risk management, and audit readiness,” says Robert Materazzi, CEO of Lukka. “At Lukka, we resolve middle and back-office operational data complexities through thoughtful and innovative software and data solutions so that institutions can focus on their business. This new capital will help Lukka stay at the forefront of innovation so that we can continue to solve their most complex data challenges.”
Since its Series C, Lukka has focused on attracting leaders from both the traditional financial and crypto asset industries to its high performing team. The company recently appointed Eileen Murray, Chairperson of FINRA and Former Co-CEO of Bridgewater Associates LP, to its advisory board and Dan Torrey, former Genesis Head of Institutional Sales, to lead the expansion of their Sales operations.
