Crypto Data Provider Kaiko Secures $5.5M USD In Seed Funding
Crypto market data provider Kaiko has raised a €5 million ($5.5M USD) seed round, led by global financial services investors Anthemis Group and Point Nine Capital. CoinShares, ConsenSys, Olymp Capital, and Kima Ventures also participated in the round.
Founded in 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. It collects, normalizes, stores, and distributes digital assets market data via a livestream WebSocket, REST API, and cloud-based flat-file Data Feed, to which clients connect to build data-driven applications. Kaiko’s raw trade data, order books, and aggregates cover 10,000+ currency pairs across more than 80 exchanges, with new markets added every day.
The company said that the latest funding will be used to expand its product offerings, grow its professional team, and open an office in New York to cater to the increasing demand for digital assets market data from high-level investors.
“Our main objective in the coming year is to provide an expanded suite of data services designed for enterprise-level clients who require both low-latency and high-availability access to clean market data,” Kaiko said. “This is an on-going objective, evolving as markets change and investor’s needs become clearer.”
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