Venture Capital
Kaiko, a cryptocurrency data provider, said on Tuesday that it had raised $53 million in a Series B funding round. According to the press release, the round was led by Eight Roads, whose participation included Revaia and existing investors like Alven, Point9, Anthemis, and Underscore. A spokesperson for Kaiko declined to disclose exact figures but said the series B deal tripled the company’s valuation from June 2021. “What was challenging, in all honesty, was the due diligence and closing process because we were really, really under scrutiny.