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Crypto data firm Kaiko raises $53 million in Series B round to expand its institutional data product

On June 28, Kaiko, the famous crypto data provider to institutional investors and organisations, announced a $53 million Series B investment round. 

Eight Roads led the round, which also included growth equity investment fund Revaia, French venture capital (VC) firm Alven, Berlin-based VC Point9, fintech investment firm Anthemis, and VC Underscore.

In the past years, Kaiko has maintained its position by improving transparency and operating efficiency for institutional firms, DeFi players, and Web3 organisations. With this new round of funding, Kaiko will be able to expand its institutional data products and infrastructure, making it an even more important source of both centralised and decentralised market data.

“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 in institutional data solutions, serving as a critical bridge between centralized and decentralized financial marketplaces” stated Ambre Soubiran, CEO of Kaiko.

The Paris-based firm Kaiko is majorly embedded in the blockchain ecosystem. The company provides data feeds to Ledger, Paxos, Chainlink, Tezos, Messari, SupraOracles, Flux, and the Pyth network.

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Jeewan Singh
Jeewan Singh
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
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