Kaiko, the data‑technology firm that supplies real‑time cryptocurrency market information to institutional investors, has announced a significant enlargement of its Series B financing round, bringing the total amount raised to $110 million. The round now includes a strategic investment from S&P Global, the world‑renowned financial‑information and ratings company, as well as continued backing from BNP Paribas, one of Europe’s largest banking groups. Other participants in the round include a mix of traditional financial institutions, exchange operators, and venture‑capital firms that have previously supported Kaiko’s growth. The infusion of capital is earmarked for a broad set of initiatives aimed at scaling Kaiko’s infrastructure, expanding its product suite, and deepening its presence in both established and emerging markets.
Chief among these initiatives is the development of a continuous market‑data service that will deliver granular, low‑latency price feeds for a wide array of digital assets. By moving beyond periodic snapshots to a fully streaming architecture, Kaiko intends to meet the demanding requirements of hedge funds, trading desks, and other professional market participants who rely on ultra‑fast, reliable data to execute algorithmic strategies and manage risk. "This additional funding marks a pivotal moment for Kaiko," said Jan Kallberg, CEO and co‑founder of the company.
"Our mission has always been to bring the same level of data quality, transparency, and reliability that traditional finance enjoys to the crypto ecosystem. With the support of S&P Global, BNP Paribas, and our other investors, we can accelerate the rollout of our continuous data platform, broaden our coverage of emerging tokens, and invest in the next generation of analytics tools that will empower institutional players to make more informed decisions." S&P Global’s involvement is particularly noteworthy because it signals a growing convergence between legacy financial data providers and the burgeoning digital‑asset sector. As a provider of credit ratings, market indices, and analytics to millions of users worldwide, S&P Global brings deep expertise in data governance, regulatory compliance, and large‑scale distribution networks. By partnering with Kaiko, the rating agency aims to extend its data‑delivery capabilities into the crypto space, offering its clients a more comprehensive view of risk across both traditional and digital markets.
BNP Paribas, which has been an early supporter of Kaiko since its initial seed round, reiterated its confidence in the company’s long‑term vision. "The digital‑asset market is evolving rapidly, and reliable data is the foundation upon which sound investment decisions are made," said a senior executive at BNP Paribas. "Our continued participation in Kaiko’s Series B demonstrates our belief that the firm is uniquely positioned to become the go‑to source for institutional‑grade crypto data." Beyond the core data‑delivery platform, Kaiko plans to allocate a portion of the new capital to research and development of advanced analytics, including machine‑learning models that can detect market anomalies, predict price movements, and assess liquidity risk. The company also intends to strengthen its compliance framework, ensuring that its data collection and distribution processes meet the stringent anti‑money‑laundering (AML) and know‑your‑customer (KYC) standards required by regulators in major jurisdictions.
The expanded funding round also supports Kaiko’s geographic expansion strategy. While the firm already operates data nodes in North America, Europe, and Asia‑Pacific, the additional resources will enable the establishment of new data‑centers in regions such as the Middle East and Latin America, where institutional interest in crypto assets is on the rise.
By localising infrastructure, Kaiko can reduce latency for regional clients and comply with data‑sovereignty regulations that are increasingly common in those markets. Industry observers view Kaiko’s move as part of a broader trend of institutionalisation within the cryptocurrency sector. As more asset managers, pension funds, and corporate treasuries allocate capital to digital assets, the demand for high‑quality, audit‑ready data has surged. Traditional data vendors, including Bloomberg and Refinitiv, have begun to roll out crypto‑related offerings, but many still lack the depth and breadth of coverage that specialised firms like Kaiko provide.
The entry of S&P Global into Kaiko’s shareholder base could accelerate collaborations that bridge the gap between conventional finance and decentralized markets. Analysts also note that the $110 million Series B valuation underscores the confidence investors have in Kaiko’s business model and market positioning. The company’s revenue streams are diversified across subscription‑based data feeds, API access, and bespoke analytics services, reducing reliance on any single client segment.
Moreover, Kaiko’s focus on data integrity—through rigorous verification processes, timestamping, and redundancy—addresses a key pain point for institutional users who have historically struggled with fragmented and inconsistent crypto data sources. Looking ahead, Kaiko’s roadmap includes the launch of a suite of new products designed to cater to specific use cases such as decentralized finance (DeFi) risk assessment, non‑fungible token (NFT) valuation, and cross‑chain price arbitrage monitoring. By building modular APIs and offering customizable data packages, the firm aims to serve both large‑scale trading firms and niche market participants.
In summary, the extension of Kaiko’s Series B round to $110 million, bolstered by the strategic participation of S&P Global and continued support from BNP Paribas, positions the company at the forefront of the institutional crypto‑data landscape. The capital will fuel the development of continuous, low‑latency market data services, expand global infrastructure, and enhance compliance and analytics capabilities. As the cryptocurrency market matures and institutional demand for reliable data intensifies, Kaiko is poised to become a cornerstone provider, bridging the gap between traditional finance and the rapidly evolving world of digital assets.