Kaiko closes $53 million Series B funding round

Crypto data firm Kaiko has bagged $53 million in fresh funding even as venture capital investors tighten their purse strings.

Eight Roads led the Series B fundraise, which was announced in a statement today, with Revaia participating alongside existing investors Alven, Point9, Anthemis, and Underscore.

Kaiko will use the funding to expand globally. It currently has offices in Paris, London, New York and Singapore.

CEO Ambre Soubiran said in the statement: “The blockchain industry has experienced tremendous institutional interest and with it, the need for high quality data has never been greater.”

Kaiko was founded in 2014 and offers institutional investors market data, portfolio solutions, rates and indices, pricing services, DeFi data and research, according to its announcement.

The company raised a $24 million Series A round roughly one year ago. Recently, it acquired quantitative decisions tools provider Kesitys, and bought Napoleon Index from CoinShares, the crypto asset manager.

About Author

Ryan is The Block's deals editor. Before joining he worked at Financial News, and has also written for the likes of Wired, Sifted and AltFi.