Fintech · Blockchain
Kraken
San Francisco, USA · Series D
Implied valuation
Probability modeled from funding stage, momentum & liquidity signals.
Valuation Trajectory
Funding-round staircase from founding · log scale. Modeled round ladder anchored to the current valuation — illustrative, not a published figure.
IPO Model Drivers
Why the odds read this way
Factor weights are illustrative decompositions of the modeled IPO probability, not guarantees.
Down-Round Risk
Valuation downside pressure
Mixed signals — limited valuation history with 59% modeled IPO odds keep down-round risk in the middle band.
Asset brief
Kraken is a Fintech · Blockchain company last marked at $20B. Stage: Series D, $200MM raised to date. 8 verified events in the last 30 days — most recently: "Kraken launches debit card with 2% cashback - grafa.com".
Kraken is a US-based cryptocurrency exchange founded in 2011. It facilitates the trading of cryptocurrencies, and in most US states, it also allows the trading of stocks, futures, and ETFs. It was the first cryptocurrency company to obtain a bank charter.
Capital Timeline
Funding & liquidity milestones
Backed by
Comparables
Signals
- Launchgrafa.com
Kraken launches debit card with 2% cashback - grafa.com
- LaunchFF News
Kraken Rebuilds Mobile App from Ground Up to Launch AI-Driven Personal Wealth Intelligence - FF News
- NewsSOFX
British Drone-Boat Maker Kraken Becomes Europe’s Newest Defense Unicorn - SOFX
- IPOThe Fintech Times
Kraken Parent Payward to Offer Tokenised IPO Access via xStocks - The Fintech Times
- Launchالمتداول العربي
Kraken platform is preparing to re-launch its application with a focus on artificial intelligence - المتداول العربي
- Newsbloomingbit
Kraken Prepares AI-Powered Agentic Trading Service - bloomingbit
- NewsCNBC
Kraken is rebuilding its app around agentic trading as crypto exchanges evolve beyond crypto - CNBC
- NewsKraken Blog
USDT0 and USDC.e deposits and withdrawals now available on Tempo! - Kraken Blog