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Kaiko, a cryptocurrency market information supplier, introduced right now closing $53 million in Sequence B funding. This spherical was led by Eight Roads, with participation from Revaia and current traders 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 develop Kaiko’s international presence. The corporate at present has 4 international places of work in Paris, London, New York, and Singapore, which permits the staff to tailor merchandise and advertising and marketing to fulfill the particular wants of native markets.
Over the previous yr, Kaiko has invested in focused M&A to develop its institutional product suite.
Lately, Kaiko introduced the acquisition of Kesitys, a supplier of quantitative choice 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 acquired its SOC-2 Sort-1 accreditation in February 2022.
“The blockchain trade has skilled large institutional curiosity and with it, the necessity for top of the range information has by no means been larger. Over the following yr, we are going to solidify our place as an trade chief of institutional information options, serving as a essential bridge between centralised and decentralised monetary marketplaces. We selected to work with Eight Roads for this intense development section, bringing on top-tier and trusted traders with a worldwide presence and a profitable monitor document in scaling revolutionary companies.”
– Ambre Soubiran, CEO of Kaiko
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