Lukka Garners a $1.3 Billion Valuation in Series E Funding

Lukka Garners a $1.3 Billion Valuation in Series E Funding
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Lukka, a blockchain data developer, garnered a $1.3 billion valuation in recent Series E funding. The recent E Series saw a $110 million rise which will help in the funding to accelerate Lukka's global expansion strategy. The series E funding was led forward by a global alternative company called Marshall Wace. 

 "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 Better, portfolio manager at Marshall Wace. 

Series E comes after closing Series D 9 months ago. Most startups do not make it past the D stage but seeing how Lukka has proceeded over to the E Series, we can see the company's versatility and resilience. In the previous rounds, the company has earned up to $9 million. The funds gained in this series will go toward accelerating their global expansion strategy. Some of the notable investors in Series D are Miami International Holdings Ltd, Summer Capital and Sirius Point Ltd. These companies are sure of the up and coming Lukka. Investors from the previous series also lined up: Soros Fund Management, Liberty City Ventures, S&P global, Lukka is the only institutional-grade crypto asset data software provider that satisfies rigorous technical standards like AICPA SOC Type II and SOC 2 Type II service organizations. 

Institutions like State Street, S & P Dow Jones Indices and RSM are some of the high profile customers who leverage Lukka's credibility. Lukka works as a middle( risk and IT resources) office and back office (administrative, payment etc.) The company has, as of date, dealt with 2 billion transactions with 10,145 entities. Robert Matterazi, the CEO of Lukka, said that with the crypto industry growing at such rates in recent times, he said that he wishes to grow Lukka globally and enhance its financial tools. The customers include crypto exchangers, miners, financial institutions, accounting firms and businesses. 

"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. With the funding that it has presently received, the company wishes to move forward with global expansion as it has a large clientele, decentralized financing, derivatives and other crypto-based stuff.