Kaiko raises EUR5m seed investment to provide data infrastructure for digital assets markets
Kaiko, a digital assets data provider, has raised EUR5 million in seed funding from global financial services investors Anthemis Group and Point Nine Capital. Other major investors include CoinShares, pioneers in digital asset management since 2014.
Kaiko is a market data provider in the blockchain-based digital assets space, providing institutional investors and market participants with enterprise-grade data infrastructure. The company’s full suite of data services is designed for enterprise-level clients who require both low-latency and high-availability access to clean trade and order book data. Kaiko is building the data infrastructure for a new asset class, enabling investors to make informed decisions across 80-plus exchanges.
The new funds will enable them to scale their product offering, expand their team and open an office in New York to accommodate the growing demand for digital assets market data, fuelled by high-level investors.
Ambre Soubiran, CEO of Kaiko, says: “The role of data providers in crypto-markets cannot be underestimated – the more informed investors are about the assets that they are trading, the more efficiently markets operate. We are delighted to have the support of Anthemis and Point Nine Capital. Their combined expertise in financial services and technology will help us strengthen our position as the leading data infrastructure provider in the blockchain arena.”
Over the past year, Kaiko has experienced a growing demand for their services by institutional investors, further cementing their vision to bring professionalism and transparency to crypto markets. “Institutional interest guides our development approach, and has led to our investment in products that are at the quality that traditional financial market participants expect,” says Soubiran.
“Access to accurate, real-time data is a prerequisite for mass adoption of digital assets,” says Anthemis Managing Director Ruth Foxe-Blader. “The crypto space is one where reliable, transparent and easily accessible exchange data remains scarce. In addition to knowledge and experience in capital markets, Ambre and the team bring fresh and diverse perspectives necessary to create trust in this new asset class. We are excited to support them on their journey to growth.”
Their latest release is an aggregated order book data product allowing investors to leverage level II data in trading decisions. Ambre will present the product on stage at Invest: Asia in Singapore this week. Next on the roadmap is a streaming order book product, with an alpha release planned for fall.
“The provision of high quality data will be fundamental in driving enterprise adoption of crypto and accelerating the growth of cryptomarkets,” says Pawel Chudzinski, partner at Point Nine. “We believe that the unique experience and backgrounds of the Kaiko team makes them best placed to tackle this opportunity. We look forward to working with them.”
Meltem Demirors, who leads investing at CoinShares, says: “CoinShares’ proprietary investments are strategic and support the needs of our growing businesses. Over the last two years, access to clean and reliable market data has been critical to support our capital markets and asset management businesses. Kaiko’s highly skilled team provides us with solid data services that we use every day as paying clients.”
Kaiko’s long-term goal is to become the top data infrastructure provider for all decentralised and open financial markets. They are currently hiring for positions in Paris and NYC.