Cryptocurrency data provider Kaiko said it has raised $53 million in Series B funding led by Eight Roads. The company said in a blog post other investors, including existing ones like Revaia, have also participated.
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The Paris-based company plans to use the proceeds to expand globally as a data provider for centralized and decentralized platforms. Kaiko CEO, Ambre Soubiran, says the company is on the path to become an "industry leader of institutional data solutions" over the next year.
"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," Soubiran added.
In June last year, Kaiko raised $21 million in Series A funding round led by Anthemis and Underscore VC. Other investors such as Point Nine, Alven and Hashkey Capital also joined the funding. The company's funding totaled $74 million so far.
Founded in 2014, Kaiko is a blockchain data market provider that collects and distributes live data via its dedicated WebSocket and REST API.
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