Kraken
Kraken Raises $800 million in Pre-IPO
Kraken Raises $800 million in Pre-IPO
Kraken has successfully raised $800 million in a Pre-IPO at a $20 billion valuation led by Jane Street.
Company Overview
Kraken is a FinTech company headquartered in Wyoming USA, founded in 2011 with 3000+ employees.
Kraken is a cryptocurrency exchange that generated $1.5 billion in revenue in 2024 and surpassed that total by Q3 2025. The company filed confidentially with federal regulators to go public in the US hours after announcing this funding round.
Fundraising Details
- Amount Raised: $800 million
- Round Type: Pre-IPO
- Valuation: $20 billion valuation
- Date: 2025-11-19
- Investors: Jane Street and DRW Venture Capital and HSG and Citadel Securities and Oppenheimer Alternative Investment Management and Tribe Capital
About Kraken
Kraken is a cryptocurrency exchange that generated $1.5 billion in revenue in 2024 and surpassed that total by Q3 2025. The company filed confidentially with federal regulators to go public in the US hours after announcing this funding round. The company is positioned in the FinTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Wyoming USA
- Founded: 2011
- Team Size: 3000+
- Industry: FinTech
What This Means
This funding round demonstrates strong investor confidence in Kraken's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The FinTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Kraken's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching $20 billion valuation marks an important milestone for Kraken, positioning the company among notable players in the FinTech industry.
Looking Ahead
With this new capital, Kraken is well-positioned to execute on its growth strategy and continue building innovative solutions in the FinTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
This fundraising news was reported on 2025-11-19. For more information about Kraken, visit their headquarters at Wyoming USA.
Company Info
Investors (6)
Share
Related Reports
Tebra Raises $250M Growth Financing | Healthcare Practice Management Platform
Healthcare practice management platform Tebra secures $250 million in growth financing led by Hildred Capital for AI-driven automation.
Harmattan AI Raises $200M Series B | Defense Tech Unicorn at $1.4B Valuation
French defense tech company Harmattan AI secures $200 million Series B led by Dassault Aviation, reaching unicorn status.
AirNexis Therapeutics Raises $200M Series A | Novel COPD Treatment
Biotech AirNexis Therapeutics emerges from stealth with $200 million Series A for dual PDE3/4 inhibitor COPD therapy.
Turn your sales ideas into reality today
Start your 14-day Pro trial today. No credit card required.
Start building for free