Kaiko Raises $110M in Extended Series B Round

Kaiko, a digital asset and analytics company, has secured $110 million in funding in an extended Series B round that initially raised $53 million around May or June 2022.

 

The round, which was led by S&P Global, also involved several investors, including Alura Capital, BNP Paribas, Bpifrance, Broadridge, Canton Foundation, Coinbase Ventures, DRW Venture Capital, Nasdaq Ventures, Royal Bank of Canada, among others.

 

 

Announcing the funding round in a press release, Kaiko said the funds raised will be used to strengthen its institutional grade market data business for digital assets and expand its data infrastructure offering for on chain and tokenized capital markets.

 

“The investors in this strategic round work across the core functions of digital asset markets: pricing, trading, capital allocation, and blockchain development. They are backing both the company Kaiko has built and our vision to provide the data infrastructure layer for on chain capital markets,” said Ambre Soubiran, CEO of Kaiko.

 

Kaiko’s $110 million funding comes at a time when the company recently closed two major acquisitions: Cometh, a European MiCA and CASP licensed provider of regulated DeFi infrastructure, which it acquired in May, and Amberdata, a digital asset data and analytics provider it acquired in June.

 

Like Kaiko, several other crypto companies have received funding from investors recently. Notable among these is TRM Labs, which recently completed a Series C round that saw the blockchain intelligence and analytics company reach a valuation of $2 billion, although the amount raised remains undisclosed.