Crypto Data Firm Kaiko Raises $53 Million During Market Rout

Blockchain analytics firm Kaiko raised $53 million from new and existing investors in its latest financing round, even as crypto-exposed companies struggle through a rout in digital assets.

The series B deal tripled Kaiko’s valuation from its last round in June 2021, a spokesperson for the firm said, declining to provide exact figures. The investment was led by Alibaba backer Eight Roads, alongside French venture capital firm Revaia and existing investors Alven, Point Nine, Anthemis and Underscore.