Crypto-focused tech company Lukka raises $75 mn in Series D funding

By Pavithra R

Lukka, a trusted, blockchain-native technology company that delivers products for the crypto-asset ecosystem has announced the completion of its $53 mn Series D round of financing. The fundraise follows its recent Series C round, which was led by State Street 3 months prior.

The investment round saw participation from Soros Fund Management, S&P Global, and CPA.com (a subsidiary of the American Institute of Certified Public Accountants). The fintech is planning to use the capital to accelerate its operations as an 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. It 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’s software and data solutions turn complex crypto asset data into easy-to-use information, enabling businesses to support traditional middle and back-office operations. The firm does this in compliance with industry-trusted technical control standards such as AICPA System and Organization Controls (SOC).

“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. 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,” said Robert Materazzi, CEO of Lukka.

The company’s collaborations with S&P Dow Jones Indices 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.

Founded in 2014, Lukka serves the largest crypto asset institutions with middle and back office software & data solutions.  Its customer base spans 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 Arca, S&P Dow Jones Indices, IHS Markit, RSM, and many others.