Kaiko, the provider of cryptocurrency market data for institutional investors and businesses, has raised $53 million from Eight Roads and Revaia. The company was founded in 2014 and acquired by Ambre Soubiran in 2016. It provides digital asset data covering all major cryptocurrency exchanges. Kaiko collects, normalizes, and distributes cryptocurrency market data.
This funding will enable Kaiko to consolidate its position as a global reference in the industry for centralized and decentralized data services on digital assets. The company also aims to improve its institutional data infrastructure and expand globally.
Eight Roads is a global investment firm managing more than $7 billion in assets. It invests in technology, healthcare, and consumer businesses. Revaia is a Paris-based VC firm that invests in technology startups in Europe and the US.
Kaiko's mission is to provide transparency and clarity to the cryptocurrency market by offering reliable, accurate, and timely data. The company's clients include exchanges, market data providers, hedge funds, asset managers, and other financial institutions.
Kaiko's latest funding round comes as institutional demand for cryptocurrency continues to rise. The company plans to use the funds to enhance its product offerings and expand its operations. The investment from Eight Roads and Revaia is a vote of confidence in Kaiko's vision and its ability to execute on its strategy.
Overall, Kaiko's latest funding round is a significant milestone for the company, as it looks to cement its position as a leading provider of cryptocurrency market data. The company has a strong track record of delivering high-quality data and is well-positioned to capitalize on the growing demand for digital assets.