{"id":49703,"date":"2025-09-26T13:16:39","date_gmt":"2025-09-26T13:16:39","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=49703"},"modified":"2025-09-26T13:16:39","modified_gmt":"2025-09-26T13:16:39","slug":"kraken-raises-500m-in-funding-round-valuing-crypto-exchange-at-15b-fortune","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=49703","title":{"rendered":"Kraken Raises $500M in Funding Round Valuing Crypto Exchange at $15B: Fortune"},"content":{"rendered":"
\n

Popular cryptocurrency exchange Kraken closed a $500 million funding round, setting the stage for a long-awaited IPO now expected in 2026, Fortune reported<\/a>.<\/p>\n

The round did not feature a lead investor and was closed on Kraken\u2019s terms valuing the firm at $15 billion, Fortune said, citing a person who was not authorized to discuss the matter publicly. Backers included investment managers, venture capitalists and Kraken co-CEO Arjun Sethi, who also participated via his Tribe Capital investment firm.<\/p>\n

Founded in 2011, Kraken had reportedly raised only $27 million in venture capital funding until this year. It generated $411 million in revenue and nearly $80 million in post-Ebitda earnings in the second quarter, according to the report.<\/p>\n

Much of Kraken\u2019s transformation over the last year has been steered by Sethi, who, despite sharing the CEO title with Dave Ripley, is widely seen as the company\u2019s strategic leader.<\/p>\n

Under him, Kraken acquired <\/a>U.S. futures platform<\/a> NinjaTrader for $1.5 billion<\/a>, expanding its customer base by 2 million and bolstering its presence in traditional finance.<\/p>\n

Behind the scenes, Kraken has seen a wave of executive turnover,<\/a> with four senior executives recently leaving the company as it trims jobs ahead of the planned initial public offering.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Popular cryptocurrency exchange Kraken closed a $500 million funding round, setting the stage for a long-awaited IPO now expected in 2026, Fortune reported. The round did not feature a lead investor and was closed on Kraken\u2019s terms valuing the firm at $15 billion, Fortune said, citing a person who was not authorized to discuss the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-49703","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/49703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49703"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/49703\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}