Kaiko, a Paris-founded blockchain data and analytics company, acquired Amberdata as demand for institutional crypto data expands beyond trading and into tokenized assets, the latter said in a Tuesday blog post.
The acquisition, whose terms weren't disclosed, gives Kaiko a larger footprint in market data, derivatives analytics, on-chain data and data infrastructure.
- Founded in Paris in 2014 by Pascal Gauthier, now CEO of Ledger, Kaiko was later acquired and scaled by Ambre Soubiran, a former HSBC banker who now serves as its CEO.
- Kaiko says it has raised more than $80 million, including a $53 million Series B in 2022 led by Eight Roads, with participation from Revaia, Alven, Point9, Anthemis and Underscore.
Amberdata, founded in 2017 by Shawn Douglass and Tongtong Gong, provides data and analytics tools for pricing, risk management and portfolio analysis. Its clients include hedge funds, asset managers, banks and exchanges across North America, according to the firm's description on its website.
- The company had raised about $47 million before the deal, including a $15 million Series A led by Citi in 2021 and a $30 million Series B led by Knollwood Investment Advisory in 2022.
Kaiko said the combined company now serves more than 250 clients worldwide and covers more than 100 exchanges, over 20 blockchains and more than 12,000 digital assets.
- The deal also follows Kaiko's recent acquisition of Cometh, another blockchain data infrastructure provider, and marks Kaiko's fifth acquisition.