[Kraken Completes $500 Million Financing, Valuation Reaches $15 Billion] Kraken has completed a $500 million seed round financing at a valuation of $15 billion, with plans to conduct an initial public offering (IPO) in 2026. According to Fortune magazine, this round of financing was completed in September, with terms set by Kraken itself. Participants included investment management institutions, venture capitalists, and Tribe Capital founder Arjun Sethi, among others. Founded in 2011, Kraken's total financing has exceeded $527 million.