Libra, a NYC-based provider of financial software for the blockchain and cryptocurrency industry, raised $7.8m in Series A funding.
The round was led by a multi-billion dollar European family office with participation from Liberty City Ventures, XBTO, Boost VC, and Lee Linden.
The company intends to use the funds to continue building the Libra Enterprise Platform, as well as releasing new applications and data services.
Launched in early 2014 and led by Jake Benson, CEO, Libra provides institutional-grade blockchain and cryptocurrency ecosystem connectivity, standardization, and delivery of data in a SaaS based secure and fully auditable solution. While the new applications and data services will provide real-time, continuous, and automated accounting, audit, and tax processing and reporting capabilities.
In addition to the current round, the company previously raised $2.0 million in seed funding, in transactions led by Liberty City Ventures and Fenbushi Capital, bringing total capital raised to nearly $10.0m since inception.