Down 48% since its later-stage round, Nov 2025 ($20.0B post-money). The secondary market quotes about $32 per share.
- ·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
Membership and data by Private Market View
Valuation timeline
5 priced rounds · 32 daily marks since · Jan 2011 – Oct 2026Membership and data by Private Market View
Secondary market
monthly marks · 46 months · Jan 2023 – Oct 2026Membership and data by Private Market View
Kraken funding history
18 rounds| Date | Round | Raised | Post-money | $/share |
|---|---|---|---|---|
| Dec 2025 | Later Stage VC | $260.0M | ▮ | ▮ |
| Nov 2025 | IPO | — | ▮ | ▮ |
| Nov 2025 | Later Stage VC (Series C) | $800.0M | ▮ | ▮ |
| May 2025 | Later Stage VC | — | ▮ | ▮ |
| Apr 2025 | Secondary Transaction - Private | $7.0M | ▮ | ▮ |
| Mar 2025 | Debt - General | — | ▮ | ▮ |
| + 12 earlier rounds · a free account shows the full history | ||||
Membership and data by Private Market View
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).
Comparable companies
Comparable financial software names by valuation on PrivateMarketView: Ripple ($40 billion), Klarna Group (NYS: KLAR) ($15.1 billion) and Airwallex ($8 billion).
How Kraken's valuation is determined
Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.
For Kraken, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by secondary market price. Question about this number? Full methodology →
Frequently asked about Kraken
- What is Kraken worth?
- Kraken is valued at $10.3B as of Oct 2026. Down 48% since its later-stage round, Nov 2025 ($20.0B post-money).
- How much has Kraken raised?
- Kraken has raised $965.0M in total funding across 18 recorded rounds.
- When did Kraken last raise?
- Kraken last raised in Dec 2025 (Later Stage VC), raising $260.0M.