Blockchain services provider Libra raises $7.8M in Series A funding

Libra, which makes financial software for the blockchain and cryptocurrency industry, has raised a $7.8 million Series A round led by an undisclosed European investor. The funding will be used to continue building the Libra Enterprise Platform, which provides blockchain and cryptocurrency connectivity, standardization and delivery of data.

Libra also plans to release new applications and data services that will provide automated accounting, audit, and tax processing and reporting capabilities.

Libra was founded in 2014, and 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 Libra CEO Jake Benson in a statement.

Blockchain on the rise

In addition to the current round, the company previously raised $2 million in seed funding, led by Liberty City Ventures and Fenbushi Capital, bringing the company’s total capital raised to nearly $10 million since inception.

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