S&P, State Street and Other Wall Street Giants Invest $15 Million in Lukka

The financial giant S&P Global and institutional asset manager State Street Corp. led a $15 million round for Lukka, a cryptocurrency data provider.

Lukka is thrilled to announce our Series C fundraise led by @Statestreet, with participation from @SPGlobal and @CPAcom.https://t.co/BL4x8ROu0v

— Lukka (@LukkaTech) December 10, 2020

Also participating in the Series C round was CPA.com, a provider of financial accounting tools affiliated with the American Institute of CPAs (AICPA).

According to Lukka chief executive Robert Materazzi, the company\’s success is largely driven by its ability to build institutional-grade software. The new investments could also signal growing interest in the crypto industry from major players.

“This will be a scaling phase for us. It is aimed at increasing revenues,” said Materazzi.

Founded in 2014, Lukka raised $25 million in prior funding rounds. The company provides data for 160 crypto funds. It is also known for a suite of tools for tax accounting in the crypto industry.

Earlier this week, the leading index provider S&P Dow Jones Indices struck a partnership with Lukka. The launch of indices under the S&P DJI brand for more than 550 coins is scheduled for next year.

How the launch of crypto indices from S&P Dow Jones will change the Bitcoin industry

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