Kraken raises $1 billion for tech independence amid global energy market shift
Octopus sells a minority stake in Kraken for $1 billion in a deal valuing the tech platform at $8.65 billion, initiating its spin-off and strengthening its position among international energy suppliers.
| Countries | Canada, Royaume-Uni, États-Unis |
|---|---|
| Companies | Fidelity International, D1 Capital Partners, Octopus Energy, Durable Capital Partners |
| Sector | Réseaux électriques |
| Theme | Investissements & Transactions |
UK-based Octopus, the leading household energy supplier in the country, has sold a minority stake in its tech subsidiary Kraken for approximately $1 billion during an independent funding round. The transaction values Kraken at $8.65 billion (€7.35 billion), according to a late-day statement. The deal marks a significant step toward full independence for the platform, which uses artificial intelligence to manage the entire energy supply chain.
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