The famous Cryptocurrency Exchange Kraken closed a $ 500 million round of funding, setting the stage for a long-awaited IPO expected today in 2026, fortune reported.
The cycle does not feature a lead investor and closed Kraken’s terms worth the firm at $ 15 billion, Fortune said, citing someone who is not allowed to discuss the matter in public. Supporters include investing managers, venture capitalist and Kraken co-Co-Co-Co-Co-Co-Co-Co-Co-Co-Co-Co-Co-Co-Caper, who also participated through his Tribe Capital Investment Firm.
Established in 2011, it was reported that Kraken raised only $ 27 million in funding venture capital until this year. It created $ 411 million in revenue and nearly $ 80 million in post-Ebitda revenues in the second quarter, according to the report.
Most of Kraken’s changes in the last year were guided by Sethi, who, despite sharing the CEO title with Dave Ripley, was widely seen as the strategic head of the company.
Beneath him, Kraken obtained US futures platform Ninjatrader for $ 1.5 billionexpanding its customer’s base by 2 million and strengthened its existence in traditional finances.
Behind the scenes, Kraken saw a wave of executive turnover, The four senior executives recently left the company because it has been tallering jobs leading the planned initial public offering.
