🏆 Deal of the Week · KW 1/2026
Kraken Technologies raised USD 1 billion in a venture round at a valuation of USD 8.65 billion, marking the company's first standalone funding round. The deal was announced in late 2025 and was named Deal of the Week for KW 1/2026 on DealMatrix. D1 Capital Partners led the investment.
Kraken Technologies — key deal facts
| Company | Kraken Technologies |
| Founded | 2019 |
| Headquarters | London, United Kingdom |
| Amount raised | USD 1b |
| Valuation | USD 8.65b |
| Round | Venture – Series Unknown |
| Investors | The investment round was led by D1 Capital Partners, with participation from Fidelity International, Ontario Teachers’ Pension Plan Board, and Durable Capital Partners. |
| Sectors | Artificial Intelligence, Energy |
Who invested in Kraken Technologies?
The round drew participation from Fidelity International, Ontario Teachers' Pension Plan Board, and Durable Capital Partners alongside lead investor D1 Capital Partners. The mix is notable for its breadth: a long/short equity hedge fund, a global asset manager, one of the world's largest pension plans, and a long-duration growth investor all committing capital in a single round. That combination signals strong institutional conviction across both public-markets and private-markets communities.
What does Kraken Technologies do?
Kraken Technologies builds and operates an artificial-intelligence-powered operating system for the energy sector. Its platform automates customer care, billing, grid optimisation, residential flexibility, generation optimisation, and field workforce management for utility providers. Founded in 2016 as a technology arm of Octopus Energy by James Eddison, Kraken subsequently became a standalone business led by CEO Amir Orad, who joined in July 2024. Headquartered in London, United Kingdom, the platform now serves more than 90 million customer accounts across 27 countries, counting EDF, E.ON Next, and Tokyo Gas among its clients.
Kraken Technologies valuation & multiples
No multiples analysis is currently available for this deal. Once revenue and EBITDA disclosures become public, the USD 8.65 billion valuation can be benchmarked against prevailing EV/Sales and EV/EBITDA ranges for AI-software and energy-technology peers. Explore our Artificial Intelligence and Energy sector multiples pages for current comparable transaction data.
Frequently asked questions
How much did Kraken Technologies raise in its Venture – Series Unknown?
Kraken Technologies raised USD 1 billion in a venture round announced in late 2025.
What is Kraken Technologies's valuation?
Kraken Technologies was valued at USD 8.65 billion in connection with this funding round.
Who invested in Kraken Technologies?
The round was led by D1 Capital Partners, with Fidelity International, Ontario Teachers' Pension Plan Board, and Durable Capital Partners participating.
When was Kraken Technologies founded and where is it based?
Kraken Technologies was founded in 2016 and is headquartered in London, United Kingdom.
Source: original announcement — read the full report.