Company intelligence

Kraken

US-based cryptocurrency exchange and digital-asset trading platform.

CryptoSan Francisco, California, USAFounded 2011Founders: Jesse Powell, Thanh Luu, Michael GronagerWebsite ↗See connections →Compare with Payward

Kraken at a glance

Founded
2011[1]
Headquarters
San Francisco, California, USA[2]
  1. [1] Founded: Wikipedia (retrieved September 6, 2026)
  2. [2] Headquarters: Wikipedia (retrieved September 6, 2026)

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Company Snapshot

Kraken is a crypto company, based in San Francisco, California, USA, founded 2011 by Jesse Powell, Thanh Luu, Michael Gronager.

Recent changes

  1. Sep 10, 2026Reportedly raised $100M Strategic investment at a $21B valuationRumored CoinDesk
  2. Sep 10, 2026New investor: Nasdaq VenturesRumored CoinDesk
  3. Aug 18, 2026Kraken's Krak App Launches a 2% Cash-Back Debit Card Pulse story
  4. May 11, 2026First reported valuation: $20B (raising ahead of planned IPO)Rumored CoinDesk

Funding history

1 equity event · newest first · sources dated per row
DateRoundAmountValuationLead investorsSource
Sep 10, 2026Strategic investmentRumorednot counted: rumored$100M$21Bpost-money
Nasdaq Venturesunverified
CoinDesk

Equity only. “Equity raised” above sums the rounds with a dated, linked source; rumored rounds, tender offers and secondary sales are listed but not counted, and debt financing is listed separately.

Investors

Nasdaq VenturesBlockchain CapitalHOF CapitalHyde Park AngelsTribe Capital

Latest Pulse

  1. Labor Day Closes the Market. Then the Window OpensUS markets are shut for Labor Day and the SEC filing tape has been empty since Friday, which puts the year's most concentrated IPO stretch -- the eight weeks after the holiday -- starting tomorrow with one AI-adjacent name actually on file.→
  2. One of Eight IPO Candidates Just Actually FiledCrunchbase named eight startups as 2026's clearest IPO candidates two days ago; since then, exactly one -- Oura -- has converted to an actual public S-1, while the other seven remain unfiled.→
  3. Eight Startups Racing a Closing 2026 IPO WindowCrunchbase identified eight startups -- including Anthropic, Oura, Notion, Kraken and SambaNova -- as candidates for a narrowing 2026 IPO window, with SpaceX's record June listing as the template.→
  4. Bitcoin Jumps 12% in Two Days on Clarity Act PushBitcoin rose 12% over two days to $72,384, its highest since June, after Trump hosted crypto CEOs at the White House to push Congress on the Clarity Act, with a $2.7B short-position liquidation amplifying the rally.→
  5. Kraken's Krak App Launches a 2% Cash-Back Debit CardKraken's Krak money app launched a US debit card paying up to 2% back in cash or bitcoin, spendable from more than 600 currencies and crypto assets converted at the point of purchase.→
  6. Augustus Raises $180M Series B To Dollarize WorldAugustus raised a $180 million Series B at a $1 billion valuation to build what it calls the Global Dollar Bank, giving international fintechs and banks direct access to US dollar accounts and rails.→
  7. Alpaca Raises $135M ($435M With Debt) for Agent-First BrokerageAlpaca raised $135 million in equity led by Peak XV, plus debt financing from Kraken parent Payward and BMO for $435 million in total capital, to scale brokerage infrastructure for tokenized markets and AI trading agents.→
  8. Alpaca Raises $135M to Build Agent-First Brokerage RailsAlpaca raised $135 million in equity led by Peak XV; counting separate debt financing from Payward and BMO, its total new financing was $435 million, to build brokerage infrastructure designed for AI agents and tokenized markets rather than human traders.→
  9. Kraken Rebuilds Its App Around Agentic AI TradingKraken is relaunching its mobile app with AI agents at the center, letting users build a portfolio and execute trades through plain-English conversation, joining Gemini and Coinbase in the crypto industry's shift toward agentic finance.→

Coverage Timeline

newest first
  1. Aug 18, 2026IPOKraken's Krak App Launches a 2% Cash-Back Debit CardUp to 2% cash back→
  2. Jul 10, 2026AIKraken Rebuilds Its App Around Agentic AI Trading→

All Coverage

IPO
Kraken's Krak App Launches a 2% Cash-Back Debit Card
Illustration for: Kraken's Krak App Launches a 2% Cash-Back Debit Card
IPOUp to 2% cash back

Kraken's Krak App Launches a 2% Cash-Back Debit Card

Kraken's Krak money app launched a US debit card paying up to 2% back in cash or bitcoin, spendable from more than 600 currencies and crypto assets converted at the point of purchase.

DEEP DIVE
AI
Kraken Rebuilds Its App Around Agentic AI Trading
Illustration for: Kraken Rebuilds Its App Around Agentic AI Trading
AI

Kraken Rebuilds Its App Around Agentic AI Trading

Kraken is relaunching its mobile app with AI agents at the center, letting users build a portfolio and execute trades through plain-English conversation, joining Gemini and Coinbase in the crypto industry's shift toward agentic finance.

Value Add Research

Related Companies

Shared investors
PaywardOpenAI
Same sector
CoinbaseBitcoinMeanwhileCirclePolymarketEthereum
More on KrakenKraken IPO & valuation →

Kraken FAQ

When was Kraken founded and where is it based?

Kraken was founded in 2011 and is headquartered in San Francisco, California, USA, according to Wikipedia.

Sources & methodologyshow
Where these figures come from

Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.

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