S&P Global Leads Extension of Kaiko's Series B Funding Round to $110 Million
Crypto market data firm Kaiko has extended its Series B funding round to S&P Global leads strategic investment in crypto data firm Kaiko, extending Series B to $110 million.
, with S&P Global leading the round, according to The Block and CoinDesk.
Other participants in the extension include BNP Paribas, Nasdaq Ventures, RBC, Coinbase Ventures and DRW Venture Capital, along with several other investors, according to The Block.
The extension comes four years after Kaiko’s original The crypto data provider says the capital will expand infrastructure for 24/7 tokenized markets, four years after its $53 million Series B.
Series B, according to The Defiant. The company said the new capital will go toward expanding infrastructure to support tokenized markets that operate around the clock, according to The Defiant.
Kaiko provides pricing and market data for digital assets to institutional clients, and the involvement of traditional finance names such as S&P Global, BNP Paribas, Nasdaq Ventures and RBC signals continued interest from established financial firms in crypto market infrastructure providers.
Sources: The Block, CoinDesk, The Defiant
This article is for information only and is not financial advice.
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