New York startup blockchain Libra has raised $ 15 million from the recently completed series B financing round. The company aims to provide complete audit, tax and fund management services to cryptocurrency companies.
$ 24.8 million financing
The financial reporting service provider for the cryptocurrency assets ecosystem, Bilancia, has raised $ 15 million in a Series B loan. With the amount raised in Series B financing, the company has successfully raised $ 24.8 million.
The New York-based company plans to use new funding to further develop its core product, the Libra Crypto Office platform. It also plans to release new products and services over the course of the year. Later on the company's expansion plans for its customers, Jake Benson, Libra's founder and CEO, said:
Libra's mission is to provide a registration system that allows institutions with cryptographic transactions to meet the reporting requirements of managers, investors, auditors and regulators. We are very pleased that our investors have affirmed their continued support for Libra with their contribution to our increase in the B Series. Their commitment allows us to expand our customers' offers, grow our team and increase our base of clients.
This new round was led by the previous Libra investor, an anonymous multi-billion dollar European family office. He continued to participate in Liberty City Ventures.
The announcement comes long after the company launched its new offer for fund managers and the expansion of its client portfolio. In July, the startup blockchain also announced something in store for fund managers. The clients of the fund's administrator would be provided with timely information necessary to support the acquisition of daily assets (NAV).
Blockchain-based auditing for the cryptocurrency ecosystem
New York-based blockchain startup Libra was founded in 2014 It is a pioneer in financial software for the blockchain industry and of the digital currency. The company offers the leading middle and back office solution for the cryptographic asset ecosystem.
The company provides a registration system that automates and streamlines accounting, auditing and tax processes for funds, fund managers and exchanges. It also extends to trade, commercial operations and businesses. These high-level solutions ensure real-time visibility on transaction encryption and participations for institutions that require security and scalability in relationships. Compliance and control solutions are also one of the advantages offered by Libra.
In November 2017, the company presented its Libra Crypto Office. This enterprise eliminates the manual, inopportune and inefficient method of back and middle processes and automates the process. Formerly based in San Francisco, the company is now based in New York.