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Early Alibaba backer leads $53M investment in female-led French blockchain analytics firm

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Paris-based blockchain analytics company, Kaiko, which serves institutional investors and enterprises, has raised $53 million in Series B funding. The round was led by early Alibaba backer – Eight Roads, with participation from Revaia and existing investors Alven, Point9, Anthemis, and Underscore.

With the growing institutional participation in digital assets, access to reliable, transparent, and regulatory-complaint market information has never been of greater importance. This new round of funding will enable Kaiko to strengthen its institutional data products and infrastructure further, reinforcing the company as the critical source of centralised and decentralised market information. 

The proceeds of the funding will also be used to expand Kaiko’s global presence. The company currently has four global offices in Paris, London, New York, and Singapore.

Founded in 2014 by Ambre Soubiran, Kaiko is the global industry reference for digital assets market information. Kaiko has established its position by enhancing transparency and operational efficiency for institutional companies, DeFi participants, and Web3 enterprises. The company’s product suite comprises market data, portfolio solutions, rates & indices, pricing services, DeFi data, and research covering digital assets that comprise over 95% of global traded volume.

Its partners and clients include ICE Global Network, Deutsche Börse, Oanda, Bloomberg, and some of the largest asset managers and investment banks in North America and Europe. Kaiko is also integrated with the blockchain ecosystem, providing data feeds for participants such as Ledger, Paxos, Chainlink, Tezos, Messari, SupraOracles, Flux, and the Pyth network, a Jump Trading initiative.

Over the past year, Kaiko has invested in targeted M&A to expand its institutional product suite. The company recently announced the acquisition of Kesitys, a provider of quantitative decision tools for risk optimisation, as well as an agreement with CoinShares for the acquisition of its Napoleon Index subsidiary, enabling the launch of Kaiko Indices. 

In February 2022, Kaiko also received their SOC-2 Type-1 accreditation, a gold standard certification developed by the American Institute of CPAs (AICPA) that indicates how companies manage data security, confidentiality, and availability of measurements and controls.

Ambre Soubiran, CEO of Kaiko, said: “The blockchain industry has experienced tremendous institutional interest and with it, the need for high quality data has never been greater. Over the next year, we will solidify our position as an industry leader of institutional data solutions, serving as a critical bridge between centralised and decentralised financial marketplaces. We chose to work with Eight Roads for this intense growth phase, bringing on top-tier and trusted investors with a global presence and a successful track record in scaling innovative businesses.” 

Alston Zecha, Partner at Eight Roads, said: “We are thrilled to partner with Ambre and the world-class Kaiko team. Their deep expertise from both traditional finance and crypto-native institutions helps them to bridge these two worlds better than any other firm in the digital asset industry. With their ambitious product roadmap, they are anticipating the strategic direction of an industry which is becoming increasingly sophisticated. Kaiko’s fast-expanding roster of Tier 1 clients is truly impressive, and we look forward to supporting their continuing global expansion.”

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