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BSX owner invests in crypto asset software provider

Two companies with a Bermuda presence have participated in the $110 million Series E investment round of Lukka, the enterprise crypto-asset software and data provider.

The company said the $110 million round values the company at more than $1.3 billion. This round comes after closing its Series D round nine months ago.

The round was led by Marshall Wace, a global alternative asset manager. The round’s other notable investors include Miami International Holdings Inc (the owners of the Bermuda Stock Exchange), Summer Capital and SiriusPoint Ltd, the Bermudian-headquartered global re/insurer.

The round also saw participation from previous investors Soros Fund Management, Liberty City Ventures, S&P Global and CPA.com, all of whom contributed to the company’s Series D investment.

New York-based Lukka said it is the only institutional-grade crypto asset data and software provider that satisfies rigorous technical control standards, such as AICPA SOC 1 Type II and SOC 2 Type II Service Organisation Controls, for its data and software products.

Robert Materazzi, CEO of Lukka, said: “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.

“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.”

Thomas Gallagher is chairman and CEO of Miami International Holdings Inc and chairman of the Bermuda Stock Exchange.

He said: “Miami International Holdings is pleased to participate as strategic investors in this seminal round of fundraising for Lukka.

“Lukka has established itself as a critically important provider of crypto data and software services to the institutional investment community and we look forward to partnering with Lukka as we execute on our strategy to introduce innovative digital asset products and services via our global exchange platforms including Bermuda Stock Exchange and Minneapolis Grain Exchange LLC.”

The company said this capital injection enables Lukka to accelerate its aggressive growth and global expansion strategy.

Thomas Gallagher, chairman and CEO of Miami International Holdings Inc and chairman of the Bermuda Stock Exchange (File photograph)

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Published January 17, 2022 at 11:59 am (Updated January 23, 2022 at 6:30 pm)

BSX owner invests in crypto asset software provider

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