Blockchain Analytics Firm Kaiko Secures $53M Funding Amid Market Turmoils

Kaiko, a blockchain data provider company serving institutional investors and enterprises, has secured $53 million in Series B funding, the company announced Tuesday.

Kaiko Bags $54 Million From Investors

As per the official announcement, the investment round was led by Indian venture capital firm Eight Roads with participation from Revaia and existing investors such as Alven, Point9, Anthemis, and Underscore. 

The latest development comes when the crypto industry has experienced a tremendous crash that erased more than $2 trillion from the $3 trillion recorded in 2021. 

The digital asset data provider noted that the new funds would help bolster its position as a global industry reference for centralized and decentralized blockchain data services. 

Since its launch in 2014, Kaiko has provided a mix of market data in crypto and decentralized finance (DeFi), pricing services, indices, and industry research. The company offers data services to customers and partners like Deutsche Boerse, ICE Global Network, Messari, and Paxos to help understand common trends in the market.

In January, Kaiko launched its first crypto exchange ranking, designed to offer an extensive structure for understanding the fragmented exchange landscape. 

Speaking on the new funding, Ambre Soubiran, the global head of Kaiko, noted that the firm tends to cement its position as an industry leader for institutional data solutions in the coming year. 

“Over the next year, we will solidify our position as an industry leader of institutional data solutions, serving as a critical bridge between centralized and decentralized financial marketplaces,” said Soubiran. 

Kaiko Seeks to Expand Global Presence

Aside from using the new capital to strengthen its product offerings, Kaiko plans to expand its international presence to reach a more global audience. 

The Paris-based crypto analytics firm stated that it has already established four global offices in Paris, London, New York, and Singapore, allowing its team to promote its products and services to meet the needs of specific local markets. 

Additionally, Kaiko has secured partnerships and clients with significant industry players, including ICE Global Network, Deutsche Börse, Oanda, and Bloomberg. 

The firm also signed agreements with undisclosed asset managers across Europe and North America. 

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