Kaiko raises $110M led by S&P Global to expand crypto market data services
What's the deal? Kaiko, a cryptocurrency market data provider, has raised a $110 million in a Late VC round led by S&P GlobalDealroom has a profile for this one. Try Dealroom →. The round drew participation from DRWDealroom has a profile for this one. Try Dealroom → Holdings, SusquehannaDealroom has a profile for this one. Try Dealroom →, Royal Bank of CanadaDealroom has a profile for this one. Try Dealroom →, NasdaqDealroom has a profile for this one. Try Dealroom →, BNP Paribas, Bpifrance, BroadridgeDealroom has a profile for this one. Try Dealroom →, Canton Ventures, Coinbase Ventures, and Stellar.
What's the endgame? Kaiko supplies data and analytics on the crypto market to institutional clients. It plans to use the financing to develop new products and services.
Why now? The round pulls together an unusual mix of traditional finance heavyweights and crypto-native backers. That lineup reflects growing institutional demand for reliable crypto market data as financial institutions expand their participation in digital assets.
The signal: With S&P Global leading and Nasdaq, RBC, BNP Paribas and other established financial infrastructure players participating, the round shows that institutional investors increasingly view crypto market data as part of mainstream financial infrastructure.
Read more: bbx.com
Image credit: Kaiko
