Paris-based crypto market data provider Kaiko has raised $24 million in a Series A funding round led by Anthemis and Underscore VC.
Paris-based crypto market data provider Kaiko has raised $24 million in a Series A round of funding led by Anthemis and Underscore VC, The Block reported on June 23. Point Nine, Alven and Hashkey Capital also participated in this round. The new funds will be used for product investments and to help Kaiko expand its business in North America and Asia.
Ambre Soubiran, founder of Kaiko, said.
There has been tremendous interest in Kaiko from institutional investors over the past year, which has boosted our confidence. We are more motivated than ever to continue building our data infrastructure and achieve interoperability between the digital and traditional financial sectors.
Kaiko wants to be the go-to source for information integration in the cryptocurrency financial market. It currently provides transaction and order book data feeds for clients such as CoinShares, Messari, Paxos and Ledger.
In conjunction with the announcement of its Series A funding round, Kaiko also launched Kaiko Stream, a new service that connects institutions to an integrated crypto data feed that functions similarly to traditional financial data products.
Crypto data startups have been attracting a lot of investor attention lately. Last week, London-based data company CryptoCompare received a strategic investment from asset management giant VanEck.
In September 2019, Kaiko closed a $5 million seed round led again by Anthemis with participation from Kima Ventures, Point Nine Capital, ConsenSys Ventures, Olymp Capital and CoinShares.
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