23rd January 2022
SiriusPoint has continued its financing of innovative and disruptive InsurTechs by investing in Lukka, an institutional crypto data and software provider.
The investment takes the number of partnerships and investments in SiriusPoint’s growing portfolio to over 20.
“SiriusPoint is on a mission to invest in truly innovative and disruptive companies and support entrepreneurial startups that will change the narrative of the insurance and reinsurance markets,” said Ming Zhang, chief Investment Officer, SiriusPoint.
Lukka, which is now valued at over $1.3bn, has just raised $110m in its latest round of financing. SiriusPoint is one of the lead investors. Lukka is the only crypto asset data and software provider that meets industry security standards, such as Type II AICPA’s System and Organization Controls(SOC), and the investment will allow the company to expand its offering to institutional investors who are increasing their interest in, and exposure to, this nascent asset class.
“The crypto and blockchain industries are constantly maturing, rapidly being adopted as a part of the mainstream economy by investors, and opening new doors. Lukka’s proven institutional grade data and software products will allow businesses to deliver crypto solutions and embrace digital assets, and we at SiriusPoint look forward to partnering with Lukka to bring first-rate crypto capabilities to continued innovations in insurance and reinsurance solutions,” said Ming.
“We couldn’t be more excited to partner with SiruisPoint as the adoption of crypto assets expands to more industries,” said Robert Materazzi, ceo of Lukka. “SiruisPoint’s commitment to innovation in the insurance industry combined with their global footprint makes them an obvious partner to Lukka. We are thankful for the opportunity to work with the SiriusPoint team and to have them as an investor in Lukka.”
This latest fundraise was led by Marshall Wace LLP, and included new investors such Miami International Holdings, Inc., and Summer Capital. Existing investors are: Soros Fund Management, Liberty City Ventures, S&P Global, and CPA.com (subsidiary to the AICPA), who also significantly contributed to this round. This fundraise follows Lukka’s Series D round of fundraising, which raised more than $53m in March of 2021.
Founded in 2014, Lukka serves the largest digital asset institutions with middle and back-office software and data solutions. Lukka bridges the gap between the complexities of blockchain data and traditional business needs. Its customers include crypto asset exchanges and trading desks, CPA and accounting firms, fund and financial auditors, fund administrators, miners, protocols, individuals, and any other businesses interacting with crypto assets. All of Lukka’s products are created with institutional standards, such as AICPA SOC Controls, which focus on accuracy and completeness. Lukka is based in New York City.
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