Kaiko raised $53 million in Series B funding round led by Eight Roads, joined by Revaia, Alven, Point9, Anthemis, and Underscore.

Kaiko, a Paris, France-based cryptocurrency market data provider, raised series B in a round closed at $53 million.

The money was raised from investors led by Eight Roads Ventures, joined by Anthemis, Underscore VC, Point Nine, Alven and Revaia.

The proceeds will be used for hiring people, to strengthen its institutional data products and infrastructure and expand its global presence.

Kaiko, founded in 2014 by CEO Ambre Soubiran, developed a digital platform providing digital asset market data for investors and enterprises, and serving as a single source for consolidated financial market information. The company collects, normalizes, stores and distributes digital assets data via a live stream websocket, and cloud-based data feed, to which market participants can connect to build data-driven applications.

Customers include CoinShares, Messari, Paxos, Ledger, and Compass Financial Technologies - the company also partners with traditional financial platforms S&P Capital IQ, Dow Jones Factiva, Refinitiv, and Factset to distribute original research and data.

Kaiko peviously raised series A in 2021 in a $24 million transaction led by Anthemis and Underscore VC.