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KRAK
Privately held company

Kraken

$27.36

Source: Nasdaq Private Markets
$7.47 (21.45%)past six months
Wednesday, September 16$5.63 (16.16%)

Kraken raised $100M in Series E round on Sep 16, 2026.

Pricing and valuation data provided by Nasdaq Private Market (Tape D®). Private company shares are not available for trading on Public or any public exchanges. Displayed values are estimates based on historical primary & secondary activity and not a guarantee of real-time market price.

Kraken Valuation

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About Kraken

Kraken is a digital asset exchange platform that enables users to buy, sell, and trade a variety of cryptocurrencies by matching orders between participants on its network. It provides direct market access for traders without acting as a broker or bank, and supports features such as staking, derivatives, and peer‑to‑peer payments alongside core trading functionality. The company also offers tools ...read more
Co-FounderMichael Gronager
Co-FounderThanh Luu
Co-FounderJesse Powell
CEODavid Ripley
HeadquartersSan Francisco, CA
Founded2011
SectorWeb3 & Digital Assets

Kraken Funding History

Financing RoundDateAmount
Series ESep 16, 2026$100M
Series DNov 21, 2025$200M
Series CSep 26, 2025$500M
Series BMay 13, 2020$7M
Series BJul 31, 2019$7M
Series AMar 25, 2014$5M

Public market exposure

Publicly traded companies with exposure to this private company.

C1 Fund Inc CFND

C1 Fund ($CFND) holds $7.2M of Kraken (Jun 2026), ~36% of its ~$20M market cap. Kraken raised at $21B in Sep 2026; its estimated secondary market price is $29.14/share. CFND trades at a ~53% discount to NAV ($3.04 vs. $6.49, Jun 2026). Data as of 9/29/26.

Powerlaw Corp PWRL

Powerlaw Corp ($PWRL) holds $37.2M of Kraken (Jun 2026), ~8% of its ~$479M market cap. Kraken raised at $21B in Sep 2026 and has pushed its IPO to 2027. PWRL trades at a ~32% discount to NAV ($11.08 vs. $16.23, Aug 2026). Data as of 9/29/26.

Kraken lead investors

  • Apollo Global Management LLC
  • Arjun Sethi
  • Barry Silbert
  • Blockchain Capital
  • Citadel Securities
  • D1 Capital Partners L.P.
  • DRW Venture Capital
  • Durable Capital Partners LP
  • HSG
  • Hummingbird Ventures
  • Individuals
  • Jane Street
  • Nasdaq Ventures
  • Octopus Ventures
  • Ontario Teachers Pension Plan
  • Oppenheimer Alternative Investment Management
  • Origin Energy
  • Trace Mayer
  • Tribe Capital

FAQ

Frequently asked questions

Kraken's estimated secondary market share price is $27.36 as of October 2026.

Kraken's last official round, Series E, was for $100M.

Kraken's last known funding was on Sep 16, 2026 for $100M.

Kraken's major investors are Apollo Global Management LLC, Arjun Sethi, Barry Silbert, Blockchain Capital, Citadel Securities, D1 Capital Partners L.P., DRW Venture Capital, Durable Capital Partners LP, HSG, Hummingbird Ventures, Individuals, Jane Street, Nasdaq Ventures, Octopus Ventures, Ontario Teachers Pension Plan, Oppenheimer Alternative Investment Management, Origin Energy, Trace Mayer, Tribe Capital.

As of November 11, 2026, Kraken is not yet publicly traded.

Private companies

Kraken Valuation

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Private companies

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Stocks, ETFs, Options, Bonds.
Self-directed brokerage accounts and brokerage services for US-listed, registered securities, options, and Bonds, except for treasury securities offered through Jiko Securities, Inc., are offered to self-directed customers by Open to the Public Investing, Inc. (“Public Investing”), a registered broker-dealer and member of FINRA & SIPC. Additional information about your broker can be found by clicking here. Public Investing is a wholly-owned subsidiary of Public Holdings, Inc. (“Public Holdings”). This is not an offer, solicitation of an offer, or advice to buy or sell securities or open a brokerage account in any jurisdiction where Public Investing is not registered. Securities products offered by Public Investing are not FDIC insured. Apex Clearing Corporation, our clearing firm, has additional insurance coverage in excess of the regular SIPC limits. Additional information can be found here.

Options.
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“Bonds” shall refer to corporate debt securities and U.S. government securities offered on the Public platform through a self-directed brokerage account held at Public Investing and custodied at Apex Clearing. For purposes of this section, Bonds exclude treasury securities held in treasury accounts with Jiko Securities, Inc. as explained under the “ Treasury Accounts” section.

Investments in Bonds are subject to various risks including risks related to interest rates, credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications and other factors. The value of Bonds fluctuate and any investments sold prior to maturity may result in gain or loss of principal. In general, when interest rates go up, Bond prices typically drop, and vice versa. Bonds with higher yields or offered by issuers with lower credit ratings generally carry a higher degree of risk. All fixed income securities are subject to price change and availability, and yield is subject to change. Bond ratings, if provided, are third party opinions on the overall bond's credit worthiness at the time the rating is assigned. Ratings are not recommendations to purchase, hold, or sell securities, and they do not address the market value of securities or their suitability for investment purposes.

A Bond Account is a self-directed brokerage account with Public Investing. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. The Bond Account’s yield is the average, annualized yield to worst (YTW) across all ten bonds in the Bond Account, before fees. A bond’s yield is a function of its market price, which can fluctuate; therefore a bond’s YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See our Fee Schedule.

Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. You should evaluate each bond before investing in a Bond Account. The bonds in your Bond Account will not be rebalanced and allocations will not be updated, except for Corporate Actions.

Fractional Bonds also carry additional risks including that they are only available on Public and cannot be transferred to other brokerages. Read more about the risks associated with fixed income and fractional bonds. See Bond Account Disclosures to learn more.

High-Yield Cash Account.
A High-Yield Cash Account is a secondary brokerage account with Public Investing. Funds in your High-Yield Cash Account are automatically deposited into partner banks (“Partner Banks”), where that cash earns interest and is eligible for FDIC insurance. See here for a list of current Partner Banks. Your Annual Percentage Yield is variable and may change at the discretion of the Partner Banks or Public Investing. Apex Clearing and Public Investing receive administrative fees for operating this program, which reduce the amount of interest paid on swept cash. Neither Public Investing nor any of its affiliates is a bank. Learn more.

Cryptocurrency.
Cryptocurrency trading, execution and custody services are provided by Zero Hash LLC (“Zero Hash”). Zero Hash is licensed to engage in a virtual currency business by the New York State Department of Financial Services, and is a licensed money transmitter in all other US states and certain US territories. Zero Hash is not a registered broker-dealer or a member of FINRA. Cryptocurrencies are not stocks and your cryptocurrency investments are not FDIC insured or SIPC protected.

Cryptocurrency investing is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrencies offered by Zero Hash are not securities and are not FDIC insured or protected by SIPC. Your cryptocurrency assets are held by Zero Hash, not Public. Your Zero Hash Crypto account is separate from your brokerage account with Public Investing, which holds US-listed stocks and ETFs. Please review the Risk Disclosures before trading.

Treasury Accounts.
Investing services in treasury accounts offering 6 month US Treasury Bills on the Public platform are through Jiko Securities, Inc. (“JSI”), a registered broker-dealer and member of FINRA & SIPC. See JSI’s FINRA BrokerCheck and Form CRS for further information. JSI uses funds from your Treasury Account to purchase T-bills in increments of $100 “par value” (the T-bill’s value at maturity). T-bills are purchased at a discount to the par value and the T-bill’s yield represents the difference in price between the “par value” and the “discount price.” Aggregate funds in your Treasury Account in excess of the T-bill purchases will remain in your Treasury Account as cash. The value of T-bills fluctuate and investors may receive more or less than their original investments if sold prior to maturity. T-bills are subject to price change and availability - yield is subject to change. Past performance is not indicative of future performance. Investments in T-bills involve a variety of risks, including credit risk, interest rate risk, and liquidity risk. As a general rule, the price of a T-bills moves inversely to changes in interest rates. Although T-bills are considered safer than many other financial instruments, you could lose all or a part of your investment. See Jiko U.S. Treasuries Risk Disclosures for further details.

Investments in T-bills: Not FDIC Insured; No Bank Guarantee; May Lose Value.

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Commission-free trading refers to $0 commissions charged on trades of US listed registered securities placed during the US Markets Regular Trading Hours in self-directed brokerage accounts offered by Public Investing. Keep in mind that other fees such as regulatory fees, subscription fees, commissions on trades during extended trading hours, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Public’s Investing’s Fee Schedule to learn more.

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Alpha.
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