Crypto data firm Kaiko acquires European index provider Vinter

French blockchain analysis firm Kaiko has acquired crypto index provider Vinter, aiming to expand its presence in the European exchange-traded product market.

Kaiko, a Paris-based blockchain data firm, announced the acquisition of European index provider Vinter as part of its strategy to consolidate regulated crypto financial products.

The acquisition will enable the firm to meet “growing institutional demand” for crypto indices following the successful launch of spot Bitcoin exchange-traded funds in the US earlier this year, Kaiko said in a blog announcement on Nov. 12.

“This strategic acquisition comes at a time of significant industry consolidation, which has a direct impact on the integrity of the crypto market.”

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Kaiko CEO Ambre Soubiran commented on the acquisition, stating that it is in line with the company’s goal of expanding its product offerings and global customer reach. While Kaiko did not disclose the size of the deal, it stated that this transaction was its “third and largest acquisition to date.”

Kaiko expands its product portfolio

In April 2022, Kaiko acquired data company Kesitys to support the launch of a new business unit focused on quantitative analytics products. In June, Kaiko expanded further by purchasing the Napoleon Index from European asset manager CoinShares.

Founded in 2014 by Ambre Soubiran, Kaiko collects, normalizes and distributes crypto market data to institutional investors, exchanges and other businesses, providing insights on pricing, trading volumes and blockchain metrics. According to PitchBook data, the company raised a total of $91.1 million in three financing rounds with the participation of investors such as ConsenSys Mesh, Eight Roads, Revaia and HashKey Capital.