Kaiko Completes $24 Million Series A Round for Expansion
The leading cryptocurrency market data provider Kaiko announced on June 23 that it has closed a $24 million Series A funding round led by global financial services investors Anthemis and Underscore VC. Point Nine. Alven and Hashkey Capital also participated in the round.
According to Kaiko, this new round of funding will boost the development of its professional data products and support the company’s expansion into North American and Asian markets.
Today, the firm’s trade and order book data feeds are the most comprehensive, reliable and granular in the industry, leveraged by leading firms including CoinShares, Messari, Paxos, Ledger, and Compass Financial Technologies. Kaiko also partners with traditional financial platforms S&P Capital IQ, Dow Jones Factiva, Refinitiv, and Factset to distribute original research and data.
“The immense interest we have received from institutional investors over the past year has bolstered our core mission and we are more motivated than ever to continue building data infrastructure that enables interoperability between digital finance and the traditional financial sector,” said Kaiko’s Founder and CEO Ambre Soubiran.
Additionally, the financing coincides with the launch of Kaiko Stream, a first-of-its-kind data service designed to connect institutional market participants with consolidated crypto data feeds that match the infrastructural robustness of traditional financial data products.
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