Libra, a New York-based startup which provides cryptocurrency companies full spectrum audit, tax and fund administration service has raised $15 million in a Series B funding round.
The company has overall raised $24.8 in funding with this new Series B round of $15 million. The crypto service provider plans to use these funds to build its core product. The Libra Crypto Office platform would be the startup’s core product and plans to launch its services later this year.
Jake Benson, the founder and CEO of Libra said in an announcement that “Libra’s mission is to provide a system of records that allows institutions with crypto transactions to meet the reporting requirements of managers, investors, auditors, and regulators.”
The startup is excited with the new round of funding and can now expand its offering to its user, grow their team and also get new customers.
A European multibillion-dollar family office and its previous investors had participated in this new round of funding.
Libra was founded in 2014 and is based out of New York which earlier had its office in San Francisco and it’s a pioneer in the financial software industry.
The startup revealed the Libra Crypto Office software in November 2017 which provides a system that optimizes and automates auditing, accounting and tax systems for exchanges, funds, fund administrators, trading operations and enterprises.