S&P Global Leads $110 Million Round for Crypto Data Provider Kaiko

S&P Global has led a strategic investment extending Kaiko's Series B funding round to $110 million, according to the company's press release on Monday.

The round brings in a wide bench of strategic backers alongside S&P Global, including BNP Paribas, Bpifrance, Broadridge, Canton Foundation, Coinbase Ventures, DRW Venture Capital, Nasdaq Ventures, Royal Bank of Canada, Stellar and Susquehanna Private Equity Investments, on top of existing shareholders Anthemis, Point Nine and Revaia.

Kaiko, founded in Paris in 2014, provides market data infrastructure across more than 150 exchanges and blockchain protocols, serving institutions that need reliable pricing, liquidity and reference data for digital assets. The company has now raised $187 million in total since its 2021 Series A, following a $53 million Series B in 2022 that this round extends. Kaiko did not disclose a valuation for the new investment.

"As digital assets accelerate, S&P Global is investing for the future, and this investment underscores that conviction," said Cathy Clay, chief executive of S&P Dow Jones Indices.

The capital will go toward strengthening Kaiko's core market data business and expanding its infrastructure for onchain capital markets, where the company says demand is growing from institutions building tokenized-asset products that require the same continuous data feeds as traditional 24/7 digital asset markets.