Kraken Secures $500M Funding, Valuation Hits $15B Ahead of IPO

Kraken Secures $500M Funding, Valuation Hits $15B Ahead of IPO
US-based cryptocurrency exchange Kraken has successfully concluded a significant $500 million funding round, propelling its valuation to an impressive $15 billion. This milestone, initially reported by Fortune, comes as the company diligently prepares for its much-anticipated initial public offering (IPO), expected to launch next year. The successful funding round underscores strong investor confidence in Kraken's strategic direction and its prominent position within the rapidly evolving digital asset landscape. Kraken's Valuation Soars Amidst Strategic Growth The latest funding initiative saw Kraken solidify its valuation at $15 billion, a notable increase from the $11 billion mark achieved in 2022. This substantial valuation hike reflects the company's robust performance and strategic expansions over the past few years. Interestingly, the funding round was finalized without a primary anchor investor, with Kraken itself dictating the terms of the deal, including the final v…