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KRAKEN
Kraken
Cryptocurrency Exchange · San Francisco, California · United States · Founded · 2011 · ≈ · 2,000 · employees

Kraken Valuation: $15B After the Sep 2025 Series C

Private

Kraken was last valued at $10B. It comes from the $500M Series C of Sep 2025. The company is private, so there is no listed share price.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Kraken valuation · at a glance
Last valuation
$10B
NOV 2021
Lead investors
5
across 5 rounds
Raised across rounds
$1.5B
5 rounds
Date of last round
Sep 2025
closed 26 Sep 2025
Valuation history

How the Kraken valuation has moved

1 valuation. The latest, $15B post-money, was set by the Series C in Sep 2025.

Latest valuation
$15Bpost-money
Set by the Series C · 26 Sep 2025
Valuations
1
Priced rounds with a valuation
Event type
Primary round
The Series C · $500M raised
Undated: Series D at —; Strategic investment at $20B (post-money).
Funding rounds

Kraken rounds and the valuation each one set

5 rounds
Round
Date
Amount
Valuation
Basis
Series C LATEST
26 Sep 2025
$500M
$15B
POST-MONEY
Strategic investment
1 Jun 2019
$13.5M
—
—
Series A
1 Mar 2014
$5M
—
—
Series D
—
$800M
—
—
Strategic investment
—
$200M
$20B
POST-MONEY
Lead investors
Leads: Bitcoin Opportunity Fund, Citadel Securities, DRW Venture Capital, Hummingbird Ventures, Jane Street.
Full funding history — Kraken profile ›
What the valuation means

What the $10B actually measures

A private valuation is the price agreed in one transaction. The Kraken valuation of $10B is a private-market figure from the Series C dated 26 Sep 2025 — the whole company measured after the $500M raised in that round was already inside it. Subtract the round and the pre-money view of the same deal is $9.5B .

The valuation holds until the next priced round or secondary sale. A private company founded in 2011 with roughly 2,000 people has no daily price and no order book between rounds.

Where the $10B comes from
EventSeries C, dated 26 Sep 2025
Round size$500M

Frequently asked questions

How can I get exposure to Kraken?›

The routes section explains what is realistically available for a company at this stage.

Is Kraken publicly traded?›

No. Kraken is a private company; its shares do not trade on a public exchange.

What is Kraken's valuation?›

The last valuation is $10B.

Who has invested in Kraken?›

Lead investors for each round are in the funding timeline.

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