Market Overview

Libra Closes $15 Million in Series B Funding to Support Ongoing Institutional Investor Adoption of Crypto Assets


the leading provider of middle and back office technology and data
services for the crypto asset ecosystem, today announced the close of a
$15 million Series B round. The funding was led by its previous lead
investor, a prominent, multi-billion dollar European family office, with
continued participation from Series A investors, including Liberty City
Ventures. This round brings Libra's total funding to $24.8 million.

Libra is a leading blockchain-native technology company focused on
transforming crypto transactional data into operational and audit-ready
financial information for institutions. The company plans to use its new
funding to continue building out its core product, the Libra Crypto
Office platform, as well as support the release of new products and
services later this year.

On the heels of Libra's announcement regarding its support for fund
administrators, the close of Libra's Series B round underscores the
company's success in providing critical reporting infrastructure
utilized in traditional markets to the crypto world. The capital raise
not only strengthens the ability for further product growth but also the
ongoing expansion into new customer segments such as miners, lenders and

"Libra's mission is to provide a system of record that allows
institutions with crypto transactions to meet the reporting requirements
of managers, investors, auditors and regulators," said Jake Benson,
Founder and CEO of Libra. "We are very excited our investors have
affirmed their continued support for Libra with their contribution to
our Series B raise. Their commitment allows us to expand our customer
offerings, grow our team and increase our customer base."

About Libra

Founded in 2014, Libra is a trusted, blockchain-native technology
company that delivers the leading middle and back office solution for
the crypto asset ecosystem. Libra provides a system of record that
automates and optimizes accounting, audit and tax processes for funds,
fund administrators, exchanges, trading operations and enterprises.
These premier solutions ensure real-time visibility to crypto
transaction activity and holdings for institutions that require highly
scalable and secure reporting, compliance and control solutions. Libra
is based in New York City.

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