Cryptocurrency data startup Lukka has closed its Series C funding round in which it has gathered a massive amount of funds from big investors. In this funding round, the blockchain startup claimed to have raised an amount of $15 million. The financial services industry’s two juggernauts have backed this funding round of Lukka.
The American publicly traded corporation S&P Global and State Street Corporation, the American financial services and bank holding company are the two major financial services firms that have backed this gargantuan funding round called Series C. This is a major achievement on the part of the cryptocurrency startup Lukka to get investments from these two major financial services firms.
However, S&P Global and State Street Corporation are not the only investors that have participated in this funding round but the subsidiary of the American Institute of Certified Public Accountants (AICPA) called CPA.com also made a contribution in this fundraising round.
These participants already have built relationships with this cryptocurrency startup said Robert Materazzi the Chief Executive Officer (CEO) of Lukka and called this funding round “strategic in nature”. Adding more to it, he said that there are more than 160 digital currency hedge fund customers that are already using data products and software of the firm.
According to Lukka CEO, the firm is planning on leveraging its partnerships with these major financial services giant for gaining more traditional funds in the future. While talking about the main focus of the company, he said:
“It all comes down to organizing and managing this very messy crypto data. We are experts in managing incredibly high-volume crypto datasets, across tons of liquidity providers and tons of assets.”
Prior to this, two equity funding rounds have already been conducted by the firm. In these two rounds, the firm was able to raise an amount of approximately $25 million in funds. These rounds occurred at a time when the firm was still known with its name of Libra. Later on, it decided to rebrand itself to Lukka. However, it is the first equity sale that the firm has conducted in the form of a Series C funding round since the founder of the firm said goodbye to the firm back in the month of June.