What happened: French digital asset intelligence startup Kaiko has bagged $53 million in a funding deal that extends its Series B round originally closed in 2022. The investment was led by S&P Global, with massive backing from institutional heavyweights including Nasdaq Ventures, Coinbase Ventures, and BNP Paribas. Kaiko plans to use the fresh cash to expand its datasets, upgrade its infrastructure platform, and potentially eye more acquisitions following its recent buyout of Amberdata.
Why it matters: As institutional adoption of crypto grows, reliable and lightning-fast market data becomes the backbone of traditional finance entering the space. With backing from global giants like S&P and Nasdaq, Kaiko is scaling up institutional-grade analytics, making it easier for major players to track digital assets, manage risks, and bring sophisticated financial tools to the crypto market.
