Kaiko Raises $24M Funding, Plans Asia Market
Kaiko, a prominent Crypto Data Firm based in Paris, has secured $24 million in Series A investment backed by Underscore VC and Anthemis. There are also two additional investors: Point Nine, a German venture capital firm, and Alven, a French venture capital firm.
Kaiko founder and CEO Ambre Soubiran stated they are determined to develop even more and create data infrastructure, delivering digital finance and traditional finance together. The company was formed in 2017 with to collect and provide crypto data to industry leaders such as Paxos, Messari, and CoinShares as clients, and Dow Jones Factiva, Refinitiv, and Capital IQ as partners.
Sean Park, the Founder, and CIO of Anthemis, will join the company’s board of directors following the investment. Sean expressed his delight at joining the firm and claimed that crypto data is dispersed and needs professional minds to solve this issue.
Targeting Asian Market
This A series funding will help Kaiko to spread the business in the Asian market. As per Soubiran, many of the crypt data firms in Asia focus on retail investors, and data providers turn into institutional investors. Kaiko will join hands with HashKey, a Chinese VC Fund Company, to set its foot in the Asian market. Siberian feels that bringing HashKey on board will help Kaiko with work and advice to open a new horizon in the Asian market. Around 30% of Kaiko’s clients are US-based, while the rest are from Europe, Australia, and some parts of Asia.