Reinsurance News

SiriusPoint invests in crypto data & tech provider Lukka

19th January 2022 - Author: Matt Sheehan

Global specialty re/insurer SiriusPoint has announced a new investment into Lukka, an institutional crypto data and software provider.

crypto-currencyLukka raised $110 million in its latest round of financing, with SiriusPoint acting as one of the lead investors.

The company says this latest investment will enable it to expand its offering to institutional investors that are increasing their exposure to crypto as an asset class.

The investment takes the number of partnerships and investments in SiriusPoint’s portfolio to over 20.

“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 Ming Zhang, Chief Investment Officer, SiriusPoint.

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“The crypto and blockchain industries are constantly maturing, rapidly being adopted as a part of the mainstream economy by investors, and opening new doors,” Zhang continued.

Lukka’s proven institutional grade data and software products will allow businesses to deliver crypto solutions and embrace digital assets, and we at SiriusPoint look forward to partnering with Lukka to bring first-rate crypto capabilities to continued innovations in insurance and reinsurance solutions.”

Robert Materazzi, CEO of Lukka, also commented: “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. We are thankful for the opportunity to work with the SiriusPoint team and to have them as an investor in Lukka.”

This latest fundraise was led by Marshall Wace LLP, and included new investors such Miami International Holdings, Inc., and Summer Capital.

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