Blockchain Analytics Firm Kaiko Raises $53M Series B Led by Eight Roads Amid Bear Market

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.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Eliza Gkritsi

Eliza Gkritsi was CoinDesk's AI/crypto reporter.

Follow @egreechee on Twitter

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.