SiriusPoint invests in crypto technology business Lukka
Specialty re/insurer SiriusPoint has invested in an institutional crypto data and software provider Lukka. Valued at over $1.3 billion, the business has just raised $110 million in its latest financing round, with SiriusPoint 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). The investment will allow the company to expand its offering to institutional investors interested in gaining exposure to the asset class.
It joins a growing portfolio of more than 20 insurtech businesses in which SiriusPoint has invested.
“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 the re/insurer’s chief investment officer Ming Zhang.
Robert Materazzi, CEO of Lukka, welcomed the investment: “We couldn’t be more excited to partner with SiruisPoint as the adoption of crypto assets expands to more industries. SiruisPoint’s commitment to innovation in the insurance industry combined with their global footprint makes them an obvious partner to Lukka.”
