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Key Takeaways
- Kraken accomplished a $500 million funding spherical at a $15 billion valuation.
- The funding spherical had no single lead investor, with participation from quite a few companies and funds.
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Kraken accomplished a $500 million funding spherical at a $15 billion valuation immediately, positioning the crypto trade for a focused 2026 IPO.
Arjun Sethi, co-CEO of Kraken, beforehand emphasised there’s “no rush” for the general public itemizing as the corporate focuses on acquisitions to strengthen its enterprise.
The trade structured its funding spherical with out a lead investor, drawing participation from numerous companies and funds to gas enlargement. Sethi personally invested within the spherical alongside his funding agency Tribe Capital.
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