Kaiko extends Series B funding round to $110 million with S&P Global, BNP Paribas
Kaiko has increased the size of its Series B financing to $110 million, with S&P Global joining a group of traditional banks and exchange operators in the round. BNP Paribas is also listed among the participating financial institutions that supported the funding extension to back Kaiko's move into continuous market data services.
Why It Matters
Investment from established financial firms like S&P Global and BNP Paribas underscores demand from traditional finance and exchanges for continuous market data offerings. Their participation may accelerate Kaiko's ability to deliver data products tailored to institutional needs.
Key Facts
- Company: Kaiko
- Funding round: Series B extended to $110 million
- New participant: S&P Global
- Participant: BNP Paribas
- Other backers: Top traditional banks and exchange operators (unnamed)
Kaiko has expanded its Series B financing round to a total of $110 million. The extension brings in participation from S&P Global alongside a group of established banks and exchange operators.
Among the named participants is BNP Paribas, which joined the round with other traditional financial institutions. The additional capital is earmarked to support Kaiko's expansion into continuous market data services.
The involvement of S&P Global, BNP Paribas and other legacy finance players signals growing institutional interest in the kind of continuous data products Kaiko is building. By attracting these investors, Kaiko aims to scale its data offerings to meet demand from market participants that rely on uninterrupted, high-quality market information.
Details such as the timing of the investment, individual check sizes, and other specific participants were not disclosed in the announcement provided.
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