AAA State Street finds road to Lukka

State Street finds road to Lukka

Lukka, a US-based producer of crypto asset software, has raised $53m in its series D round just three months after closing its C round led by financial services provider State Street.

Participants in the latest round include hedge fund Soros Fund Management, index provider S&P Global, and CPA.com, a subsidiary of the American Institute of Certified Public Accountants.

Lukka has partnerships with S&P Dow Jones Indices (S&P DJI) to create crypto asset indices and one with IHS Markit for crypto asset data distribution.

Formerly known as Libra, Lukka provides software and data technology for digital asset managers that help them access cryptocurrency data and price their currencies.

In December, Lukka closed a series C round featuring S&P Global, State Street and CPA.com that CoinDesk reported was sized at $15m.

Liberty City Ventures and Fenbushi Capital helped Lukka raise $2m across two rounds, before it added $7.8m in a 2017 series A round co-led by Liberty City and an unnamed family office that included cryptofinance provider XBTO, Boost VC and Lee Linden.

An undisclosed family office led the company’s $15m series B round in August 2018, investing alongside series A participants including Liberty City Ventures.

By James Mawson

James Mawson is founder and chief executive of Global Venturing.