Kraken completes $500M funding round, eyes 2026 IPO
The exchange targets growth through multiple acquisitions and investor diversity, building strength for its anticipated entry into public markets.
Key Takeaways
- Kraken completed a $500 million funding round at a $15 billion valuation.
- The funding round had no single lead investor, with participation from numerous firms and funds.
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Kraken completed a $500 million funding round at a $15 billion valuation today, positioning the crypto exchange for a targeted 2026 IPO.
Arjun Sethi, co-CEO of Kraken, previously emphasized there’s “no rush” for the public listing as the company focuses on acquisitions to strengthen its business.
The exchange structured its funding round without a lead investor, drawing participation from various firms and funds to fuel expansion. Sethi personally invested in the round alongside his investment firm Tribe Capital.
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