Kaiko, a provider of cryptocurrency market data, announced the closing of its $24 million Series A financing round.
We are immensely pleased to announce today that we have closed a $24 million Series A funding round to scale our cryptocurrency data services for institutions.
We could not have done this without the support of our investors, clients, and dedicated team.https://t.co/9OtPHMIqOW
— Kaiko (@KaikoData) June 23, 2021
The funding round was led by venture firms Anthemis and Underscore VC, with participation from Point Nine, Alven and Hashkey Capital.
According to the press release, the financing will be used by the Paris-based firm to expand its data-processing product lineup and to expand into North American and Asian markets.
“The enormous interest we’ve received from institutional investors over the past year has strengthened us in our key mission. We are more motivated than ever to continue building data infrastructure that ensures interoperability between digital finance and the traditional financial sector,” said Ambre Soubiran, founder and CEO of Kaiko.
Anthemis founder Sean Park and Underscore VC co-founder and partner Richard Dulude will join the analytics firm’s board.
As reported by The Block’s researchers, in 2021 the average size of venture investments in crypto companies rose by 120%.
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