Crypto asset data platform Lukka valued at $1.3bn

The firm serves more than 200 active crypto funds and has processed transactions totalling more than $2trn

Crypto investments                                 
Global asset management firm Marshall Wace led the funding round, with participation from a string of notable investors – Photo: Shutterstock
                                

Lukka, the institutional crypto asset data platform that works with firms such as Polychain and eToro, has raised $110m in a Series E funding round, causing the company’s valuation to surpass unicorn status at $1.3bn. The funding comes just nine months after the start–up raised $53m in a Series D round.

Global asset management firm Marshall Wace led the round, with participation from Miami International Holdings, Summer Capital and SiriusPoint. Previous investors Soros Fund Management, Liberty City Ventures, S&P Global and CPA.com also contributed to the Series E.

Solving complexity around data

Lukka’s software platform helps businesses turn complex crypto data into digestible information in order to support middle and back-office operations. It recently announced a variety of strategic partnerships – including one with S&P Dow Jones to support the building of the firm’s crypto asset indices. 

Lukka has built momentum during the crypto craze of the last few years, and has processed more than $2trn’s worth of unique transactions, and supported more than 10,000 entities engaging in crypto activities. It currently serves more than 200 active crypto funds. Lukka will use the new funding to accelerate its growth and global expansion strategy. 

“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 Lukka CEO Robert Materazzi. 

“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’s comprehensive suite of reporting and analytics software and data solutions enables clients to meet a rapidly evolving set of critical needs," added Steven Binetter, a portfolio manager at Marshall Wace.

“As crypto assets and blockchain redefine global commerce, Lukka is building the infrastructure for this future.”

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