With the growing institutional participation in digital assets, access to reliable, transparent, and regulatory-complaint market information has never been of greater importance.
Betting big on the trend, Paris-based digital assets data provider Kaiko has raised $53 million in Series B funding. The round was led by Eight Roads, with participation from Revaia and existing investors Alven, Point9, Anthemis, and Underscore.
The extra capital will allow the platform to strengthen its institutional data products and infrastructure. The proceeds of the funding will also be used to expand its global presence. Currently, it has four global offices in Paris, London, New York, and Singapore.
Founded in 2014, the digital assets market information company enhances transparency and operational efficiency for institutional companies, DeFi participants, and Web3 enterprises. Its product suite comprises market data, portfolio solutions, rates and indices, pricing services, DeFi data, and research covering digital assets that comprise over 95% of global traded volume.
Ambre Soubiran, CEO of Kaiko, said: “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.”
Alston Zecha, partner at Eight Roads, said: “The 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.”
In the past one year, the platform has invested in targeted M&A to expand its institutional product suite. The company recently also announced the acquisition of Kesitys, a provider of quantitative decision tools for risk optimisation and a deal with CoinShares for the acquisition of its Napoleon Index subsidiary, to roll out Kaiko Indices.