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.

 

Fomo, a cryptocurrency trading platform, has raised $75 million in a Series B funding round led by Index Ventures, with Union Square Ventures and Benchmark also participating.

 

 

According to the team, the new funding will be used to expand Fomo’s asset classes, including equities, perpetuals, and prediction markets, while scaling its engineering team and further investing in its trading and social platform.

 

Through its consumer-focused platform and the removal of some technical barriers associated with on-chain trading, such as unpredictable gas fees, fragmented blockchains, and complex token bridges, Fomo aims to seamlessly onboard users on-chain.

 

“Most trading products aren’t built with the user in mind. They are dull, hard to understand, and make you want to rip your hair out,” said Paul Erlanger, Co-founder and CEO of Fomo.

 

“Each decision we make at Fomo is made to bring our users joy. Fomo is accessible, social, and understandable in 15 minutes. We believe people should be able to access global markets instantly, share opinions and convictions through their network, and participate without needing to understand the technical complexity underneath it all.”

 

By unifying liquidity, automatically routing transactions, and supporting familiar traditional payment methods such as Apple Pay, Fomo aims to make on-chain trading more accessible. With the inclusion of new asset classes, Fomo is positioned to reach more users globally.

 

About Fomo 

Fomo is a consumer-focused, social-first crypto trading app designed to make on-chain trading simple and accessible. Everything it does revolves around its goal of simplifying crypto trading. To achieve this, Fomo integrates social trading features that allow users on the platform to discover trending assets, connect with top-performing traders, and track open positions.

 

Since launching last year, Fomo has done several impressive things, including becoming the largest cross-chain crypto trading app, raising more than $90 million in seed funding, growing its user base to more than 625,000, and processing over $4 billion in trading volume to date.