Crypto asset software and data provider Lukka serves both traditional finance firms and crypto companies, including Arca, Circle, CPA.com, eToro, IHS Markit, S&P Dow Jones Indices and State Street.
Lukka CEO Robert Materazzi told Blockworks privately on Friday that the company has closed its $110 million Series E at over $1.3 billion.
The investment comes nine months after the last funding round of $53 million. Materazzi said the company has raised about $210 million in total.
“There is a ton of momentum in the crypto industry as a whole and Lukka is at the heart of it. We are expanding very rapidly here globally.”
The funding will be used to accelerate Lukka's strategy of growth and expansion by creating new offices internationally. Materazzi noted that by the end of 2021, it has opened offices in Switzerland and Singapore.
"Our team nearly tripled headcount last year, but we're not done. We'll have much more headcount growth at global locations and we'll continue to evolve."
Lukka's software compiles data from over 16,000 crypto spot assets, 70,000 crypto derivatives, 300 exchanges and nearly 30 decentralized exchanges.
“We help them solve the most complex data challenges in the world, and those challenges are more and more present with all the innovations going on in crypto. It's really tough to keep up with innovation but that's our goal and making sure we can simplify any other data process that comes from all the continuous innovation.”
Last year, organizations from businesses like Nike to traditional financial institutions like Goldman Sachs began to immerse themselves in crypto as it caught mainstream attention. But Materazzi suspects that companies that remained quiet last year are likely busy working on specific plans they'll share this year. “We will see the industry adopting crypto in different ways depending on the industry.” he said.
Materazzi says that in the future, Lukka will launch "more thoughtful enterprise data products in addition to those launched last year" to scale up existing data services. “At the end of the day, software is about managing data thoughtfully.” he said.
“Data powers the world, and everything we do here is driven by data.” Materazzi said.