Crypto data provider Kaiko has extended its Series B funding round to $110 million following a strategic investment led by S&P Global, marking another milestone in the convergence of digital asset infrastructure and traditional finance.
Funding Round Details and Key Investors
Kaiko originally announced its Series B in May 2022, raising $53 million and tripling its valuation, which remains undisclosed. A year earlier, the firm closed a $24 million Series A led by Anthemis and Underscore VC. The latest extension brings total Series B capital to $110 million.
The round includes participation from a consortium of major financial institutions and crypto-native firms:
- S&P Global (lead investor)
- BNP Paribas
- Coinbase Ventures
- Nasdaq
- Royal Bank of Canada
- Stellar
Strategic Focus: 24/7 Market Infrastructure
The fresh capital will be deployed to expand Kaiko’s data infrastructure to support the growth of 24/7 digital markets, the company announced Monday. Founded in France in 2014, Kaiko serves more than 150 exchanges and blockchain protocols and plans to strengthen its core data business while expanding its product offering.
“Digital asset markets operate 24/7, and the infrastructure supporting them must do the same,” Kaiko said, adding that the funding demonstrates that institutions running today’s capital markets are investing in the data infrastructure required to operate tokenized markets.
Institutional Convergence Signal
The investor roster—spanning traditional financial giants like S&P Global, BNP Paribas, Nasdaq, and Royal Bank of Canada alongside crypto-native backers—underscores the accelerating institutional adoption of digital asset market infrastructure. Kaiko’s data products are positioned to bridge the gap between legacy capital markets and the always-on nature of blockchain-based trading.
The blockchain analytics firm did not immediately respond to a CoinDesk request for further information.
