Blockchain analytics firm Kaiko raises US$53mn

Paris-based blockchain analytics company Kaiko has raised US$53mn in Series B funding. The round was led by Eight Roads, with participation from Revaia and existing investors Alven, Point9, Anthemis, and Underscore.

The company explained that the new funding will allow the platform to strengthen its institutional data products and infrastructure. It will also be used to expand its global presence. Currently, it has four global offices in Paris, London, New York, and Singapore.

Ambre Soubiran, CEO of Kaiko, commented: “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.”

Helping firms in the digital asset industry 

Founded in 2014, the digital assets company claims to enhance transparency and operational efficiency for institutional companies, DeFi participants, and Web3 enterprises. 

Its product suite comprises market data, portfolio solutions, rates and indices, pricing services, DeFi data, and research covering digital assets that comprise over 95% of global traded volume.

Alston Zecha, Partner at Eight Roads, said: “We are thrilled to partner with Ambre and the world-class Kaiko team. Their deep expertise from both traditional finance and crypto-native institutions helps them to bridge these two worlds better than any other firm in the digital asset industry. With their ambitious product roadmap, they are anticipating the strategic direction of an industry which is becoming increasingly sophisticated. Kaiko’s fast-expanding roster of Tier 1 clients is truly impressive, and we look forward to supporting their continuing global expansion.”

Over the past year, Kaiko has invested in targeted M&A to expand its institutional product suite. Having recently announced the acquisition of Kesitys, a provider of quantitative decision tools for risk optimisation, as well as an agreement with CoinShares for the acquisition of its Napoleon Index subsidiary, enabling the launch of Kaiko Indices. As a company, Kaiko has also bolstered its data security, confidentiality, and availability measurements and controls, having received its SOC-2 Type-1 accreditation in February 2022.