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Thursday 26 April 2018

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Libra raises $7.8 million in Series A funding

Written by Anthony Strzalek
28/11/2017

US blockchain and cryptocurrency FinTech startup Libra has secured $7.8 million in Series A funding.

The funding round was led by an unnamed multi-billion dollar European family office, with participating investors including Liberty City Ventures XBTO, Boost VC, and Lee Linden.

The capital will be used to help Libra continue building its Libra Enterprise Platform, as well as releasing new applications and data services. Libra’s platform provides institutional-grade blockchain and cryptocurrency ecosystem connectivity, standardisation, and delivery of data. 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. In addition to the current round, the company previously raised $2 million in seed funding, in transactions led by Liberty City Ventures and Fenbushi Capital, bringing total capital raised to nearly $10 million since inception.

Jake Benson, CEO of Libra, said: “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.”



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