- Kaiko has raised $53 million in a Series B funding round led by Eight Roads.
- The funding round also attracted participation from Revaia and existing investors Alven, Point9, Anthemis, and Underscore.
- Kaiko will use the funds to cement its position in digital assets data services by scaling growth to more markets.
Kaiko has completed a $53 million funding round led by Eight Roads. The digital assets data services provider said it will use the funds to cement its position in the industry. The fundraising also attracted participation from Revaia and existing investors Alven, Point9, Anthemis, and Underscore.
Kaiko provides centralised and decentralised data services drawing customers and partners from some of the biggest financial services companies in the industry. ICE Global Network, Deutsche Börse, Oanda, and Bloomberg lead that list with asset managers and investment banks in North America and Europe also among its clients.
The company said some of the proceeds from the funding round will also go towards strengthening institutional data products and infrastructure. Kaiko has witnessed an uptick in the number of institutions interested in its products.
Therefore, it is working to ensure that they have access to reliable, transparent, and regulatory-compliant market information. The company provides market data for trading instruments including cryptocurrencies. The crypto segment covers all types of tokens and marketplaces including metaverse, NFTs and Collectibles tokens like $SAND, $MANA, $RARE and $XTZ, among others.
Ambre Soubiran, CEO of Kaiko, commented: “The blockchain industry has experienced tremendous institutional interest and with it, the need for high-quality data has never been greater. Over the next year, we will solidify our position as an industry leader of institutional data solutions, serving as a critical bridge between centralised and decentralised financial marketplaces.”
Kaiko chose to work with Eight Roads partly because of its global presence and the high level of investors it brings to the organisation.
Alston Zecha, Partner at Eight Roads expressed his excitement about working with Kaiko saying: “Their deep expertise from both traditional finance and crypto-native institutions helps them to bridge these two worlds better than any other firm in the digital asset industry. With their ambitious product roadmap, they are anticipating the strategic direction of an industry which is becoming increasingly sophisticated.”
Both companies are looking forward to working together during this crucial period of rapid global expansion. Eight Roads thinks Kaiko’s impressive list of top-tier clients will also be crucial during the growth phase.
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