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Kaiko, a cryptocurrency market data provider, introduced at the moment closing $53 million in Sequence B funding. This spherical was led by Eight Roads, with participation from Revaia and present buyers Alven, Point9, Anthemis, and Underscore.
The brand new spherical of funding will allow Kaiko to strengthen its institutional information merchandise and infrastructure.
Proceeds of the funding will even be used to increase Kaiko’s world presence. The corporate at the moment has 4 world workplaces in Paris, London, New York, and Singapore, which allows the workforce to tailor merchandise and advertising to fulfill the particular wants of native markets.
Over the previous yr, Kaiko has invested in focused M&A to increase its institutional product suite.
Not too long ago, Kaiko introduced the acquisition of Kesitys, a supplier of quantitative resolution instruments for threat optimization, in addition to an settlement with CoinShares for the acquisition of its Napoleon Index subsidiary, enabling the launch of Kaiko Indices.
As an organization, Kaiko has additionally bolstered its information safety, confidentiality, and availability measurements and controls, having obtained its SOC-2 Kind-1 accreditation in February 2022.
“The blockchain business has skilled super institutional curiosity and with it, the necessity for prime quality information has by no means been better. Over the following yr, we’ll solidify our place as an business chief of institutional information options, serving as a important bridge between centralised and decentralised monetary marketplaces. We selected to work with Eight Roads for this intense development part, bringing on top-tier and trusted buyers with a world presence and a profitable monitor file in scaling progressive companies.”
– Ambre Soubiran, CEO of Kaiko
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