Cryptodata provider Kaiko receives $ 53 million for improving the product suite

Cryptodata provider Kaiko receives $ 53 million for improving the product suite

The institutional and corporate cryptodata provider Kaiko said on Tuesday that he had collected tens of millions in a financing round of series B.

eight roads based in London-which looks back on 50 years of investment and managed assets of $ 8 billion-led the $ 53 million round with the participation of the growth capital investment fund Revaia. The existing investors Alven, Point9, Anthemis and Underscore also took part in Tuesday.

The latest capital injection is followed by an earlier Serie-A financing round of $ 26 million with a post-money rating of $ 93.6 million about a year ago.

The last round comes when the crypto downturn begins to cool the risk of venture capital. In June, crypto companies have received a total of $ 3.65 billion in risk capital compared to a total of $ 4.21 billion in May, as data from Dove Metrics show.

Venture funds outside the area of the digital asset also show signs of a decline in the realized and unrealized overall return compared to invested capital, since macroeconomic factors, including rising interest rates, are gradually effective, according to a study by the data provider PitchBook shows.

Kaiko said that his capital injection will also help to expand his global presence. The company currently has branches in Paris, London, New York and Singapore.

"The blockchain industry has experienced an enormous institutional interest, and the need for high-quality data was greater than ever," said Ambre Soubiran, CEO of Kaiko. "In the course of next year we will consolidate our position as industry leader for institutional data solutions and serve as a decisive bridge between centralized and decentralized financial marketplaces."

Kaiko was founded in 2014 and offers a number of products, including market data, portfolio solutions, courses and indices, price services, defi data and digital asset research. The company's customers include ICE Global Network, Deutsche Börse, Oanda, Bloomberg and some of the largest asset managers and investment banks in North America and Europe.

The provider has companies such as Z Coin Metrics, CryptoCompare and Simplex as the main competitor in the highly competitive area of cryptodata analysis.

. .

The article Crypto Data Provider Kaiko Gets $ 53m to Enhance Product Suite is not a financial advice.