Crypto Data Firm Kaiko Closes $24M Funding Round, Looks to Asia

The Paris-based institutional data firm plans to open an Asian office in either Hong Kong or Singapore later this year.

AccessTimeIconJun 23, 2021 at 1:00 p.m. UTC
Updated May 9, 2023 at 3:20 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Kaiko, a Paris-based cryptocurrency market data and research provider, has closed a $24 million Series A funding round led by Anthemis and Underscore VC. 

Other investors include German venture capital firm Point Nine and French VC firm Alven. 

  • How Bitcoin and Ether's Options Contracts Combined Expiry Could Spike Volatility
    01:11
    How Bitcoin and Ether's Options Contracts Combined Expiry Could Spike Volatility
  • Over $1B in U.S. Treasury Notes Has Been Tokenized; FATF Calls for More Regions to Regulate Crypto
    02:04
    Over $1B in U.S. Treasury Notes Has Been Tokenized; FATF Calls for More Regions to Regulate Crypto
  • Moondance Labs CEO on 'Barriers of Entry' for Building Layer 1s
    01:28
    Moondance Labs CEO on 'Barriers of Entry' for Building Layer 1s
  • What Challenges Do Appchains Solve?
    00:59
    What Challenges Do Appchains Solve?
  • “We are more motivated than ever to continue building data infrastructure that enables interoperability between digital finance and the traditional financial sector,” Kaiko founder and CEO Ambre Soubiran said in a press statement.

    Kaiko, which was founded in 2017, brings crypto data to some of the market’s biggest players, including CoinShares, Paxos and Messari as clients and S&P Capital IQ, Dow Jones Factiva and Refinitiv as partners.

    Sean Park, Anthemis' founder and chief investment officer, will join Kaiko’s board as part of the funding deal. He voiced his confidence in Kaiko’s ability to pull together “data that is usually scattered.”

    The company tries to solve that issue by running Ethereum nodes in order to extract decentralized exchange data directly from the blockchain.

    With the new funding, Kaiko plans to address the Asian market. According to Sourbiran, most of Asia’s large crypto data companies have focusd on retail investors, as data providers have begun to turn to institutional investors only in the past year.

    Kaiko is also enlisting Chinese VC fund HashKey Capital to help establish its Asia business in either Hong Kong or Singapore. 

    “One of the reasons [for bringing on HashKey Capital] would be to have help and support both in terms of advice and work,” and to profit from people who “understand the blockchain space very well,” Soubiran said in an interview with CoinDesk.

    More than half of Kaiko’s clients are based in the United States, while 30% are in Europe, with the rest in Asia and Australia, Soubiran said.

    Disclosure

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

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


    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.