The Venture Codex Logo

The Venture Codex

Kraken

237 Kearny Street Suite 102, San Francisco, CA, 94108, United States

Overview

Digital asset exchange for trading, staking, and storing cryptocurrencies.

Deals · 12mo

5

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series D

Geographic focus

Australia
Cayman Islands
France
Hong Kong
...

Sector focus

Bitcoin
Blockchain
Cryptocurrency
Ethereum
...

Investment portfolio

11rounds
NAMEDATESIZE
Legion
Aug 2026Participated
$5 MSeed
Alpaca
Jan 2026Participated
$190 MSeries D
Prenetics
Oct 2025Participated
$48 MOther Equity
Evernorth
Oct 2025Participated
$1.0 BOther Equity
Berachain
Oct 2025Participated
$110 MOther Equity
Legion
Aug 2025Participated
$5 MSeed
Rails
Jun 2025Participated
$14 MOther Equity
Usual Labs
Dec 2024Led
$10 MSeries A
Nibiru
Sep 2022Participated
$8 MSeed
Anchorage
Dec 2021Participated
$350 MSeries D
Anchorage Digital
Dec 2021Participated
$350 MSeries D
Legion
Aug 2026Participated
$5 MSeed
Alpaca
Jan 2026Participated
$190 MSeries D
Prenetics
Oct 2025Participated
$48 MOther Equity
Evernorth
Oct 2025Participated
$1.0 BOther Equity
Berachain
Oct 2025Participated
$110 MOther Equity
Legion
Aug 2025Participated
$5 MSeed
Rails
Jun 2025Participated
$14 MOther Equity
Usual Labs
Dec 2024Led
$10 MSeries A
Nibiru
Sep 2022Participated
$8 MSeed
Anchorage
Dec 2021Participated
$350 MSeries D
Anchorage Digital
Dec 2021Participated
$350 MSeries D
11
Items
Browse all public portfolio deals

Insights

Time horizon

View by

Deal Distribution

Kraken: 11 funding rounds are recorded in the selected participation categories.All available history.
Kraken: 11 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed03
Series A10
Series C+03
Other Equity04

Monthly Deal Activity

Kraken: 11 deals are recorded across 59 months.All available history.
Kraken: 11 deals are recorded across 59 months. All available history
MonthDeals
Dec '212
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '221
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '241
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '251
Jul '250
Aug '251
Sep '250
Oct '253
Nov '250
Dec '250
Jan '261
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '261
Sep '260
Oct '260

Sector Breakdown

Kraken: Crypto & Blockchain is the largest displayed sector by deal count (9 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Kraken: Crypto & Blockchain is the largest displayed sector by deal count (9 deals). All available history
SectorDeals
Crypto & Blockchain9
Fintech7
Cybersecurity & Privacy2
Manufacturing1
Health & Life Sciences1
Gaming & eSports1
Transportation & Logistics1
Developer Tools1

Deal Size Distribution

Kraken: 11 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Kraken: 11 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M3
$10M-$25M2
$25M-$50M1
$50M-$100M0
$100M-$250M2
$250M-$500M2
$500M-$1B0
$1B+1

Deals By Geography

Kraken: United States has the largest recorded deal count among the displayed regions (5 deals).All available history.

Top 5 of 5 regions; European countries are grouped as Europe.

Kraken: United States has the largest recorded deal count among the displayed regions (5 deals). All available history
RegionDeals
United States5
Cayman Islands2
Europe2
Hong Kong1
Australia1
Kraken: 20 co-investors are shown, with Alameda Research sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Kraken: 20 co-investors are shown, with Alameda Research sharing 2 recorded deals. All available history
Co-investorShared deals
Alameda Research2
Andreessen Horowitz2
Apollo2
BlackRock2
Blockchain Capital2
Brevan Howard Digital2
Coinbase Ventures2
Crypto.com2
Delta Blockchain Fund2
GIC2
GoldenTree Asset Management2
Goldman Sachs2
GSR2
Innovius Capital2
KKR2
Lux Capital2
PayPal Ventures2
Senator Investment Group2
Standard Investments2
Thoma Bravo2

Investment Strategy

Kraken: Led accounts for 9% and participating for 91% of round participation.All available history.
Kraken: Led accounts for 9% and participating for 91% of round participation. All available history
CategoryDeals (count)Share (%)
Led19%
Participating1091%
Kraken: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
Kraken: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led1100%

Team

Arjun Sethi

Co-CEO

Artur Sapek

Director Of Engineering

David Ripley

CEO

Mark Greenberg
Mayur Gupta

Chief Marketing Officer

Nicholas Percoco

Chief Security Officer

Paul Stamatiou

Principal Product Designer

Pete Rizzo

Editor At Large

Reyk Floeter

Lead Software Engineer