Private Market View

Kraken

Financial Software · Cheyenne, WY · Founded 2011 · Privately Held (backing)

PA Mark · $/share
$41
Sep 2026
Implied valuation
$9.0B
Total raised
$965.0M
Last round
Later Stage VC
Dec 2025
What is Kraken worth?
$9.0Bimplied by the PA Mark · Sep 2026

Kraken last raised $260.0M in its Later Stage VC (Dec 2025).

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  • ·Post-money valuations for all 18 rounds
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Valuation timeline

6 marks · Jan 2011 – Sep 2026
Seed Round4 roundsPA Mark
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Funding history

18 rounds
DateRoundRaisedPost-money
Dec 2025Later Stage VC$260.0M
Nov 2025IPO
Nov 2025Later Stage VC (Series C)$800.0M
May 2025Later Stage VC
Apr 2025Secondary Transaction - Private$7.0M
Mar 2025Debt - General
+ 12 earlier rounds · a free account shows the full history

How Kraken's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For Kraken, we compose those signals into the PA Mark — a weighted composite of 7 recent pricing inputs, decayed by age and reset on new rounds. The implied valuation multiplies the mark by shares outstanding. Full methodology →

Frequently asked

What is Kraken worth?
Kraken's implied valuation is $9.0B, based on the PA Mark composite price of about $41 per share as of Sep 2026.
How much has Kraken raised?
Kraken has raised $965.0M in total funding across 18 recorded rounds.
When did Kraken last raise?
Kraken last raised in Dec 2025 (Later Stage VC), raising $260.0M.