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Startup Lukka, a developer of tax accounting, blockchain analytics and other software solutions for the cryptocurrency market, has attracted the attention of the Soros investment fund and a number of large venture investors. They committed $110 million in Round E, raising the company’s valuation to $1.3 billion, a unicorn level.
Investment attention to Lukka indirectly confirms the forecast for further expansion of cryptocurrencies among corporate clients.
The API and applications created by the company are aimed at monitoring compliance with regulatory rules, automating accounting when paying for goods and services in digital currency. Lukka also aims to develop its own blockchain analysis systems to track the movements of big capital.
Software development to enter the DeFi industry, another topic attracting venture capital investment, judging by the Conduit funding round. This startup is creating an API for fintech companies, a kind of connector that adapts existing platforms for interaction with smart contracts that do not require code or interface redesign.
Portage Ventures, backed by a dozen different venture capitalists, has committed $17 million that Conduit’s founders say will pay for the startup’s US expansion. The companies are already looking for potential customers in the US and Latin America.
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