Crypto Data Firm Kaiko Raises $53M While The Bear Market Continues

Kaiko has raised new assets to reinforce its situation in the crypto information market, significantly increasing its valuation.

Kaiko, a crypto market data provider, announced a $53 million Series B funding round today. 

The financing round was driven by early Alibaba-supporter Eight Roads with interest from Revaia, Alven, Point9, Anthemis, and Underscore.

With this latest raise, the firm’s valuation has tripled since its $23 million Series A raise in June 2021. 

“With the growing institutional participation in digital assets, access to reliable, transparent, and regulatory-compliant market information has never been of greater importance,” read the announcement from Kaiko.

Kaiko’s CEO Ambre Soubiran depicted the beyond two months as a “long distance race,” making sense of the hardships of raising assets during crypto’s continuous bear market.

“What was trying, actually, was the reasonable level of effort and shutting process since we were outrageously under a microscope,” Soubiran in a meeting with Bloomberg. “The hardest part was getting the entire thing across the end goal in a less 80% slump.”

Soubiran added that the new crypto implosion has really been worthwhile as clients look for deals with the long loosen up.

Throughout recent months, Kaiko has been excited about growing its center items with significant acquisitions including Kesitys, a device to improve risk supporting, and CoinShares’ Napolean Index. The securing of the Napolean Index made ready for the send off of Kaiko Indices.

Crypto Data Firm Kaiko Raises $53M While The Bear Market Continues
Via Decrypt.

The organization additionally has put resources into information security by gaining SOC-2 Type 1 certification in February 2022.

The confirmation is an evaluation of an organization’s security cycle created by the American Institute of CPAs.

Kaiko’s customer base is made out of different monetary and crypto firms including, Bloomberg, Deutsche Börse, ICE Global Network, CoinShares, Chainlink, Paxos, and Messari.

Currently, Kaiko has offices in Paris, London, New York, and Singapore to meet the specific data requirements of local markets.

“Throughout the following year, we will harden our situation as an industry head of institutional information arrangements, filling in as a basic scaffold among brought together and decentralized monetary commercial centers,” Soubiran said.

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