Kraken

Financial Software · Cheyenne, WY · Founded 2011 · Privately Held (backing)

Developer of a trading platform designed to offer cryptocurrency exchange and services. Kraken is based in Cheyenne, WY and was founded in 2011. It is valued at about $10.3 billion as of Oct 2026, set by secondary market price, down 48% since its later-stage round in Nov 2025. It has raised $965 million across 18 recorded rounds; the latest was a $260 million later-stage round in Dec 2025.

PMV mark · valuation
$10.3B
Oct 2026
Secondary market · $/share
$32
Total raised
$965.0M
Last round
Later Stage VC
Dec 2025

Capitalization table

4 share classes, by liquidation seniority
ClassLiq. prefIssue price
Seed▮▮
Series A▮▮
Series B▮▮
Series C▮▮
Preferences, participation and issue prices are Pro.Unlock preferences + participation

Membership and data by Private Market View

Pro
The prices on Kraken
  • ·Every dated print: 70 trades with prices and structures
  • ·4 fund marks: filer, period, implied $/share
  • ·The monthly marks chart, 46 months in dollars
  • ·17 investment vehicles formed around Kraken: sponsors, sizes, dates
Pro · $99 a month
List $299 · founding price, locked for as long as you stay

Membership and data by Private Market View

Reading Kraken's cap table

Share classes are listed senior-first: in a sale or liquidation, higher-seniority preferred stock is paid its liquidation preference before junior classes and common see proceeds. A participating class takes its preference and shares in the remainder; a non-participating class chooses one or the other.

The original issue price is what investors paid per share in that class’s round — read against current secondary prices, it shows which investors are above or below water.

Frequently asked about Kraken

How many share classes does Kraken have?
Kraken has 4 recorded share classes, listed by liquidation seniority — Seed is the most senior.
How many shares has Kraken authorized?
Across its 4 recorded classes, Kraken has authorized 100,981,529 shares.
Where does Kraken's cap table come from?
Share classes are assembled from certificates of incorporation, priced-round filings, and disclosures across Kraken's 18 recorded funding rounds.