Kraken key facts
as of Oct 2026- Developer of a trading platform designed to offer cryptocurrency exchange and services.
- Kraken is valued at approximately $10.3B (~$32/share on the secondary market) as of Oct 2026, down 48% since its later-stage round, Nov 2025, per PrivateMarketView’s mark.
- It has raised $965.0M across 18 recorded rounds; the latest was Later Stage VC ($260.0M) in Dec 2025.
- Notable investors include Hummingbird Ventures, Jane Street, Oppenheimer Partners, Sequoia Capital, Astir Ventures — 218 tracked in total.
- 1 institutional filer reports fund marks on Kraken across 4 filings.
- PrivateMarketView tracks 70 recorded secondary trades in Kraken shares.
- 17 investment vehicles were formed to buy Kraken shares in the last 12 months, reporting $35.4M sold to 244 investors, per SEC Form D filings.
- Status: Privately Held (backing).
Down 48% since its later-stage round, Nov 2025 ($20.0B post-money).
Membership and data by Private Market View
- ·Post-money valuations for 5 rounds
- ·The complete investor list: 218 names
- ·Everyone on the team, board and advisors included
- ·Watch Kraken: the Monday email on marks, rounds and moves
Secondary market
monthly marks · 46 months · Jan 2023 – Oct 2026Membership and data by Private Market View
Kraken secondary trades
70 on record · Apr 2025 – May 202670 trades between Apr 2025 and May 2026. Exact dates, prices and structures are available to Pro members.
Membership and data by Private Market View
Institutional fund marks on Kraken
1 filers · latest Jun 20261 SEC-registered fund reported 4 fair-value marks on Kraken between Sep 2025 and Jun 2026. Filer-level marks and implied $/share are available to Pro members.
Membership and data by Private Market View
Kraken funding rounds
18 roundsVehicles formed to buy Kraken shares
secondary demand · SEC Form D filingsIn the last 12 months, 17 investment vehicles were formed to buy Kraken shares, reporting $35.4M sold to 244 investors across 17 sponsors. Most recent filing Apr 2026.
Membership and data by Private Market View
Kraken leadership
- David RipleyCo-Chief Executive Officer
- Stephanie LemmermanCo-Chief Financial Officer & Board Member
- Joseph NiksCo-Chief Financial Officer
- Upayan MitraChief Operating Officer & Head of Bizops - Global Consumer Business Unit
Who backs Kraken
218+Kraken valuation
Kraken is valued at approximately $10.3 billion as of Oct 2026. The figure is set by secondary market price and confirmed by fund marks. The secondary market quotes about $32 per share. The reference point is its later-stage round in Nov 2025, at a $20 billion post-money valuation; the current figure is down 48% since.
Kraken ranks 22nd by valuation and 40th by capital raised among the private companies PrivateMarketView tracks.
How much has Kraken raised?
Kraken has raised $965 million across 18 recorded rounds since 2011. The largest was an $800 million Series C in Nov 2025; the most recent was a $260 million later-stage round in Dec 2025. 5 of the rounds disclosed a post-money valuation.
Kraken secondary market activity
70 secondary trades in Kraken shares are on record, between Apr 2025 and May 2026. The busiest recent months were Jul 2025 (14 prints) and Jan 2026 (9 prints). Exact dates, prices and structures are available to Pro members.
A monthly secondary-market price series for Kraken runs from Jan 2023 to Oct 2026 (46 months).
Institutional holders and vehicles
1 SEC-registered fund reported 4 fair-value marks on Kraken between Sep 2025 and Jun 2026, in their N-PORT filings. The latest fund marks confirm the current valuation. Filer-level marks and implied per-share values are available to Pro members.
In the last 12 months, 17 investment vehicles were formed to buy Kraken shares, reporting $35.4 million sold to 244 investors across 17 sponsors, per SEC Form D filings (most recent Apr 2026).
Kraken investors
218 investors are on record for Kraken, led by Hummingbird Ventures, Jane Street and Oppenheimer Partners. By type, the record holds 114 venture capital firms and 16 angel investors. 3 of them led at least one round. The later-stage round in Dec 2025 drew 1 investor.
Who runs Kraken
21 people are listed on the Kraken team: 16 executives and 5 board members, including Arjun Sethi (Co-Chief Executive Officer) and David Ripley (Co-Chief Executive Officer). 18 of them have a verified direct contact on file.
Comparable companies
Comparable financial software names by valuation on PrivateMarketView: Ripple ($40 billion), Klarna Group (NYS: KLAR) ($15.1 billion) and Airwallex ($8 billion).
About Kraken
Developer of a trading platform designed to offer cryptocurrency exchange and services. The company's platform provides a blockchain-based financial infrastructure that reduces system costs and shortens the payment processing time, enabling clients to grow their portfolios in a fair and open financial system.
- Industry
- Financial Software
- Sector
- Blockchain and Crypto
- HQ
- Cheyenne, WY, United States
- Founded
- 2011
- Employees
- 2,000
- Website
- kraken.com/
- Ownership
- Privately Held (backing)
Is this your company? Sign in with your work email to keep it current, or tell us what's wrong.