Blockchain analytics firm Kaiko raises $53m in funding round

Part of the funding round proceeds will be used to expand Kaiko’s global presence

An Apple iPhone displays a Bitcoin overlaid by a trading chart                                 
Global venture capital firm Eight Roads led the funding round for Kaiko – Photo: Getty Images
                                

Blockchain analytics firm Kaiko has managed to raise $53m (£43m) in a Series B funding round.

The round was led by global venture capital firm Eight Roads, with participation from Revaia, a French venture capital firm, as well as existing investors such as Alven, Point9, Anthemis and Underscore.

This new investment has trebled Kaiko’s valuation from its last funding round in June 2021.

Some of Kaiko’s partners and clients include Deutsche Börse, the operator of the Frankfurt Stock Exchange; ICE Global Network, the content and execution network; Oanda, the foreign exchange (forex) trading company; and Bloomberg.   

According to the Kaiko, the Series B funding round will enable it “to further strengthen its institutional data products and infrastructure, reinforcing the company as the critical source of centralised and decentralised market information”.

Bear market has helped Kaiko

The current crypto bear market has proven beneficial to Kaiko, with CEO Ambre Soubiran explaining that customers want as much information as possible about why prices are falling.

She said that Kaiko had seen a decent increase in customers since the bear market began.

Part of the funding round proceeds will be used to expand Kaiko’s global presence – the company already has offices in London, Paris, New York and Singapore. The company added that local teams allow Kaiko to “tailor products and marketing to meet the specific needs of local markets”.

‘Need for high-quality data has never been greater’

Soubiran 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.

“We chose to work with Eight Roads for this intense growth phase, bringing on top-tier and trusted investors with a global presence and a successful track record in scaling innovative businesses.”

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