Kaiko, a Paris, France-based cryptocurrency market data provider, raised $24m in Series A funding.
The round was led by global financial services investors Anthemis and Underscore VC with participation from Point Nine, Alven and Hashkey Capital. In conjunction with the funding, Sean Park, Anthemis founder and experienced capital markets executive, will be joining Kaiko’s board. Underscore VC’s founder and market data infrastructure investor, Richard Dulude, will also be joining the board.
The company intends to use the funds to continue hiring in the areas of product, institutional sales, business development, and engineering and support expansion into North American and Asian markets.
Led by Founder and CEO Ambre Soubiran, Kaiko aims to serve as a single source for consolidated financial market information. Today, its trade and order book data feeds are leveraged by leading firms including 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 distribute original research and data. This latest round also coincides with the launch of Kaiko Stream, a data service designed to connect institutional market participants with consolidated crypto data feeds.