Overview
- The funding totals $800 million across two tranches at a $20 billion valuation, including a $200 million strategic investment from Citadel Securities that includes liquidity and risk‑management collaboration.
- The primary tranche drew major institutional investors such as Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management, and Tribe Capital, with a significant commitment from co‑CEO Arjun Sethi’s family office.
- Kraken says proceeds will support expansion across Latin America, Asia Pacific and EMEA and broaden offerings into additional asset classes, tokenized assets, payments and institutional services.
- The company reported $1.5 billion in revenue in 2024 and says it surpassed that figure in the first three quarters of 2025 after historically raising only $27 million in primary capital.
- Kraken has bolstered U.S. regulated derivatives through acquisitions including NinjaTrader and a $100 million purchase of Small Exchange, while IPO timing and terms remain undisclosed pending SEC review and market conditions.