KEY POINTS
- Kaiko raised $53 million in Series B funding and plans to expand globally
- Existing investors Alven, Point9, Anthemis, and Underscore joined the funding round
- The round was led by Eight Roads, a global investment firm along with Revaia
Crypto data provider Kaiko confirmed via blog post that it has raised over $53 million in a new funding round which was led by Eight Roads, a global investment firm with over 50 years of history in investing. Many other firms also participated in the Series B funding round.
Eight Roads is known for investing and partnering with game-changing technology and healthcare companies. As per the blog post, existing investors, including Alven, Point9, Anthemis, and Underscore also participated in the Series B along with Revaia, a growth equity investment fund.
"The funding will enable Kaiko to further consolidate its position as the global industry reference for centralized and decentralized digital assets data services," Kaiko said in the blog post published Tuesday.
Kaiko boasts among its partners and clients, ICE Global Network, Deutsche Börse, Oanda, Bloomberg, and some of the largest asset managers and investment banks in North America and Europe.
"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,” said Kaiko CEO Ambre Soubiran.
The funds received from the Series B funding round will be used to expand the firm's global presence. It currently has four offices in Paris, London, New York, and Singapore but there are plans for further expansion.
The underlying message is that self-custody of crypto is far too risky, in contrast to the security of traditional bank or brokerage accounts and crypto institutions. Photo: Pixabay
