Funding round
Kraken Growth
Reported as "Growth Equity"
Kraken, which works in AI-Powered utility operating system development in London, raised $1.00B in a Growth round announced on 5 Jan 2026, led by D1 Capital Partners, at a $8.65B post-money valuation. 5 firms took part.
$1.00B
Amount raised
$8.65B
Post-money valuation
5
Investors
1 lead
12%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Kraken at $8.65B after the new money. The $1.00B bought investors about 12% of the company. It is Kraken's first venture round on record, 7 years after it was founded in 2019. No later venture round is on record for Kraken.
Kraken's funding rounds
This is the only venture round on record for Kraken.
- Growth this round 5 Jan 2026, led by D1 Capital Partners $1.00B$8.65B post-money
Investors
Who put money in
D1 Capital Partners led the round with 4 other firms.
Lead investor
- D1 Capital Partners new investor
Also in the round
- Ontario Teachers’ Pension Plan backs 35 venture-backed companies new investor
- Fidelity International new investor
- Durable Capital Partners backs 39 venture-backed companies new investor
- new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
364 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $56M, and this round was 18 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Perplexity Tech Companies | 1 Jan 2026 | $2.30B | not disclosed | not named |
| Playlist Tech Companies | 15 Jan 2026 | $785M | $7.50B | Affinity Partners |
| Tech Companies | 20 Jan 2026 | $204M | $4.25B | Technology Crossover Ventures and Blackstone |
| Tech Companies | 7 Jan 2026 | $131M | not disclosed | Planet First Partners |
| Tech Companies | 20 Jan 2026 | $100M | not disclosed | Riverwood Capital |
| Tech Companies | 29 Jan 2026 | $65M | not disclosed | not named |
| Tech Companies | 28 Jan 2026 | $60M | not disclosed | Lightspeed Venture Partners |
| Tech Companies | 14 Jan 2026 | $58M | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Kraken raise in its Growth round?
Kraken raised $1.00B in its Growth round, announced in Jan 2026.
Who led Kraken's Growth round?
D1 Capital Partners led it, with Ontario Teachers’ Pension Plan, Fidelity International, Durable Capital Partners and Octopus Capital.
What was Kraken's valuation at the Growth round?
$8.65B post-money.
How does it compare with other Growth rounds in Tech Companies?
364 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $56M, and this round was 18 times the median.