Crypto market data provider Kaiko has closed its $53 million Series B funding round led by Eight Roads.

Funding was also provided by Revaia and existing investors Alven, Point9, Anthemis and Underscore.

Over the past year, Kaiko has taken over risk optimization solutions provider Kesitys to expand its product offering, and has also agreed with CoinShares to acquire Napoleon Index to launch crypto indices.

In February 2022, the firm received SOC-2 Type-1 accreditation, demonstrating a high level of data security and privacy management and necessary controls in place.

Kaiko CEO Ambre Subirana noted the record interest of institutional investors in the company’s services. The firm offers market data, portfolio solutions, interest rate, index, DeFi market information, pricing services and research.

Kaiko’s clients include ICE Global Network, Deutsche Börse, Oanda, Bloomberg, the largest asset managers and investment banks in North America and Europe. Offices are located in Paris, London, New York and Singapore.

Recall that in June 2021, Kaiko raised $24 million during its Series A funding round.

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