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Blockchain Analytics Firm Kaiko Raises $53M Series B Led by Eight Roads Amid Bear Market
The investment will enable Kaiko to further strengthen its institutional data products and infrastructure, it said.
Kaiko, the Paris-based blockchain analytics company, raised $53 million in a Series B funding round, it said in a press release Tuesday.
- The funding comes in a bear market that has seen bitcoin lose over half its value this year. The round tripled the firms' valuation, according to Bloomberg. A Kaiko representative confirmed the Bloomberg report to CoinDesk via email.
- The round was led by early Alibaba (BABA) backer Eight Roads. growth equity investment fund Revaia, French venture capital (VC) firm Alven, Berlin-based VC Point9, fintech investment firm Anthemis and VC Underscore.
- The Paris-based firm offers institutions such as Deutsche Borse data from over 100 centralized and decentralized exchanges, including historic information dating back over 10 years.
Read more: Institutional DeFi Enabler? Data Firm Kaiko Probes DEX Liquidity With New Product
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Eliza Gkritsi
Eliza Gkritsi is a CoinDesk contributor focused on the intersection of crypto and AI, having previously covered mining for two years. She previously worked at TechNode in Shanghai and has graduated from the London School of Economics, Fudan University, and the University of York. She owns 25 WLD. She tweets as @egreechee.
