Kaiko, a cryptocurrency market data provider, has closed a $24 million Series A funding round led by Anthemis and Underscore VC. According to an announcement, Point Nine, Alven and Hashkey Capital also participated in the round.
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As part of the investments, Sean Park, Anthemis Founder, will join Kaiko's board. With the funding, the firm plans to accelerate the development of its data products and support the company’s expansion into North American and Asian markets. The company will also expand its on-chain capabilities and coverage of decentralized finance (DeFi).
As iHodl earlier reported, Blockchain Capital, a cryptocurrency-focused venture capital firm, raised $300 million for its fifth fund called Blockchain Capital V, LP. The fund was "heavily oversubscribed" with participation from strategic investors such as pension funds, major university endowments and family offices. The firm will use the raised capital to invest in blockchain infrastructure, DeFi, and non-fungible tokens (NFTs).
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