Kraken Eyes $15B Valuation with New Funding Round

Kraken Seeks $500M Funding at $15 Billion Valuation

Crypto exchange Kraken is reportedly seeking to raise $500 million in a new funding round, potentially valuing the company at $15 billion, according to The Information.

Potential IPO in Sight

This move comes as Kraken prepares for a possible initial public offering (IPO) as early as Q1 2026, according to a Bloomberg report from March.

Kraken has not officially confirmed its IPO plans. CEO Arjun Sethi stated that going public would only occur if it significantly benefits users, partners, and shareholders.

Previous Funding Efforts

A prior Bloomberg report indicated that Kraken was in discussions to raise over $100 million in a pre-IPO funding round, anticipated to close by the end of 2024. Additionally, the company considered raising up to $1 billion through a combination of debt and equity, depending on market conditions.

Key Takeaways:

• Kraken aims to secure $500 million in funding, targeting a $15 billion valuation before a possible IPO.
• The company is aiming for a public debut in Q1 2026, pending regulatory clarity.