Kaiko raises $53M to strengthen its position in the crypto market

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Crypto asset data provider Kaiko plans to expand in the international market, as well as strengthen its position.

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Kaiko announced today that it has closed a $53 million round of funding. Eight Roads, an investment company, has contributed the most. Point9, Revaia, Underscore and several others also participated.

CEO Ambre Soubiran called the last two months a real marathon due to the difficulty in raising funds amid falling digital currency markets.

“With an 80% decline, the hardest thing was to reach the finish line. We were comprehensively checked, we were constantly under close scrutiny,” Subiran said in an interview with Bloomberg.

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Over the past year, Kaiko has been looking to expand through major acquisitions, including Kesitys, a risk-optimization tool, and CoinShares’ investment firm Napoleon Index. The data provider has invested in security and received SOC-2 Type 1 accreditation in February this year.

Kaiko’s clients include Chainlink, Bloomberg, ICE Global Network, Deutsche Börse, CoinShares and Messari. The data provider has offices in Paris, Singapore, New York and London.

CoinShares released a report saying that due to negative market sentiment, its total assets under management are at their lowest level since February 2021.

Source: Bits

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