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.

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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 Weeks is deals editor at the The Block, focused on fundraising, M&A and institutional trends in the crypto space, among other things. He is particularly interested in investigative work — so please send tips! Ryan previously worked at Financial News, Dow Jones as a fintech correspondent in London. Prior to that, he wrote for several different publications, including Sifted, AltFi and Wired. Beyond journalism, Ryan is a keen reader and writer. He enjoys all things active, especially running, rugby, climbing and tennis.