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Kaiko, the leading data provider in the cryptocurrency market, today announced a $ 24 million Series A funding round led by global financial services investors Anthemis and Underscore VC. Point Nine, Alven and Hashkey Capital also joined the round, bringing to the table a base of international investors with strong backgrounds in fintech, financial services, software and crypto.
Kaikos’ mission is to be the foundation of the digital finance economy by serving as a single source of consolidated financial market information. Kaikos’ high-quality data infrastructure and its unique position at the crossroads of traditional and digital finance will further drive institutional adoption throughout this next stage of growth.
Sean Park, Anthemis founder and senior capital markets executive, will join Kaikos’ board of directors. Anthemis is thrilled to be a Principal Investor in Kaiko for the second time. We believe Kaiko provides invaluable insight into the depth and structure of market data that is typically dispersed, and even when publicly available, is technically difficult, time consuming, and costly to ingest in any meaningful way. For any capital market transformation to take place, reliable and machine-readable data is needed.
This new round of funding will accelerate the development of Kaikos professional data products and support the company’s expansion into North American and Asian markets, reaching out to major financial institutions and blockchain market players. The latest cycle also coincides with the launch of Kaiko Stream, a one-of-a-kind data service designed to connect institutional market players to consolidated crypto data streams that match the infrastructure robustness of traditional financial data products. .
Since the inception of the company, Kaiko has recognized the critical importance of data quality and transparency to improve market efficiency.
Today, their business and order book data feeds are the most comprehensive, reliable and granular in the industry, operated by leading companies such as CoinShares, Messari, Paxos, Ledger and Compass Financial Technologies. Kaiko also partners with traditional financial platforms S&P Capital IQ, Dow Jones Factiva, Refinitiv and Factset to disseminate original research and data.
The immense interest we have received from institutional investors over the past year has reinforced our core mission and we are more motivated than ever to continue building a data infrastructure that enables interoperability between digital finance and the industry. traditional financier, said Ambre Soubiran, founder and CEO of Kaikos.
Prior to this increase, Kaiko assembled an exceptional team of financial services veterans from Euronext, HSBC and Silicon Valley Bank to support their mission. With this new round of funding, the company will continue to hire in the areas of products, institutional sales, business development and engineering. Kaiko will also expand its on-chain capabilities and coverage of DeFi protocols by ensuring that they continuously support the increasingly decentralized financial sector.
Underscore VC founder and seasoned market data infrastructure investor Richard Dulude will also join the board. “We are seeing the worlds of traditional and digital finance merge more and many traditional assets, such as stocks, bonds, real estate, etc. will start to settle on blockchains,” Dulude said. “As these assets migrate from traditional infrastructure to digital infrastructure on blockchains, we believe these new markets will trade around the clock on a global scale. Kaiko will occupy an increasingly important and strategic position in the market as the primary data provider for the digital asset ecosystem. “
Why have we invested?
As he began to collect and organize data long before the institutional appetite for cryptoassets manifested, Kaiko built the most comprehensive data history of the digital asset market, elegantly transformed into a simple API usable by institutional investors. The unstoppable energy of Amber, CEO of Kaikos, with both a background in financial markets and experience in crypto, convinced us to embark on this adventure and help institutions make more informed decisions by digital assets. said Bartosz Jakubowski, director of Alven.
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