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Blockchain startup Libra raises $7.8m

27 November 2017  |  4543 views  |  0 Source: Libra

Libra, a pioneer in financial software for the blockchain and cryptocurrency industry, today announced a $7.8 million Series A round led by a prominent, multi-billion dollar European family office.

Participating investors include Liberty City Ventures, leading trader and liquidity provider XBTO, Boost VC, and Lee Linden.

The funding will be used to continue building the Libra Enterprise Platform, as well as releasing new applications and data services. Libra’s platform provides institutional-grade blockchain and cryptocurrency ecosystem connectivity, standardization, and delivery of data in a scalable, 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.

Launched in early 2014, Libra recently relocated to New York City, from San Francisco, to focus on customer sales and implementations.

“Libra’s vision is to be the premier provider of next generation accounting, audit, and tax software and data services for the blockchain and cryptocurrency industry,” said Jake Benson, CEO of Libra. “We provide our customers three core components of value. First, a single on-ramp that connects to the many data sources within the ecosystem. Second, the real-time data processing engines and services required to continuously and automatically standardize and deliver accurate financial information. And third, blockchain-native software that’s purpose-built for this industry by a team of engineers who have designed and delivered some of the most scalable and secure financial software platforms in the world.”

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 $10.0 million since inception. 

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