Kaiko, a digital assets data provider, has raised $53m in its Series B funding round, which was led by Eight Roads.
Contributions also came from Revaia, Alven, Point9, Anthemis and Underscore.
With the capital, the FinTech company hopes to consolidate its position as the global industry reference for centralised and decentralised digital assets and data services. Capital will also be used to expand Kaiko’s international footprint.
Kaiko provides real-time and historical cryptocurrency trade data, order books and aggregated prices via a cryptocurrency API. It boasts connectivity to over 100 spot and derivatives exchanges.
Its clients include ICE Global Network, Deutsche Börse, Oanda, Bloomberg, as well as unnamed asset managers and investment banks in North America and Europe.
Kaiko CEO Ambre 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.”
The company has made a handful of acquisitions over the past year. These include Kesitys, a developer of quantitative decision tools for risk optimisation, and the Napoleon Index subsidiary from CoinShares.
Kaiko has offices in Paris, London, New York and Singapore.
Fellow cryptocurrency FinTech company Unizen Exchange recently raised $200m in a funding round led by Global Emerging Markets.
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