When was Kraken founded?

Kraken was founded in 2019 and raised its 1st funding round 6 years after it was founded.

Where is Kraken located?

Kraken is headquartered in London, United Kingdom. It is registered at UK HOUSE, 5TH FLOOR,164-182 OXFORD STREET,LONDON,UNITED KINGDOM,W1D 1NN.

Which legal entities is Kraken associated with?

Kraken is associated with Kraken Technologies Limited.

How many employees does Kraken have?

As of Mar 31, 2026, the latest employee count at Kraken is 2075.

Is Kraken a funded company?

Kraken is a funded company, having raised a total of $***** in its 1st and only funding round, a Series D round on Dec 29, 2025.

When was the latest funding round of Kraken?

Kraken's latest funding was a $***** Series D round on Dec 29, 2025, with participation from 5 investors.

What is the annual revenue of Kraken?

Annual revenue of Kraken is between £100M and £500M as on Apr 30, 2024

Where does Kraken rank among its competitors?

Kraken ranks 7th amongst 366 active competitors, of which 62 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Tantalus, which secured $157K in Feb, 2026.

Who are the top competitors of Kraken?

Kraken's top competitors include PowerSecure, Arcadia and GridX. Among them, Tantalus secured the most recent funding round in February, 2026.

Kraken - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of utility management solution. It offers an energy tech platform based on data and machine learning capabilities. It specializes in customer information systems including billing.

Website: kraken.tech
Registered Address: UK HOUSE, 5TH FLOOR,164-182 OXFORD STREET,LONDON,UNITED KINGDOM,W1D 1NN

Key Metrics

Founded Year

2019

Location

London, United Kingdom

Stage

Series D

Total Funding

$150M in 1 round

Latest Funding Round

Series D, Dec 29, 2025, $*****

Investors

D1 Capital Partners & 4 more

Ranked

7^th among 366 active competitors

Annual Revenue

£100M - £500M as on Apr 30, 2024

Employee Count

2,075 as on Mar 31, 2026

Investment & Acquisitions

Jedlix & 2 more

Similar Companies

Arcadia & 164 more

View Kraken's full profile

Kraken is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Kraken Technologies Limited CIN: 12014731 , United Kingdom, Active	May 22, 2019	£100M - £500M (As on Apr 30, 2024)	-

Kraken has raised a total funding of $150M over 1 round. Its latest funding round was a Series D round on Dec 29, 2025 for $*****. 5 investors participated in its latest round. Kraken has 5 institutional investors.

Here is the list of recent funding rounds of Kraken:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 29, 2025	8437598	Series D	6733070	7512123	7374328	9292469

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View details of Kraken's funding rounds and investors

The founders of Kraken are James Eddison and Matthew Potts.

Here are the details of Kraken's key team members:

James Eddison: Co-Founder & CTO of Kraken.
Contact Info: 1 email address
Matthew Potts: Co-Founder of Kraken.

Kraken's Board of Directors

Kraken's board has 6 active members. James Andrew Eddison, Greg Sean Jackson, Simon Andrew Rogerson, John Bowie, Stuart Keith Jackson and Christopher Robert Hulatt are independent board members.

Here is the list of Kraken's board of directors:

Name	Type	Representing	Status	Duration
James Andrew Eddison	Independent board member	-	Current	6y 11m
tivkiah	Independent board member	-	Current	9y 1m
sapzouh	Independent board member	-	Current	7y 3m
qckeksj	Independent board member	-	Current	8y 7m
eiwlmoy	Independent board member	-	Current	8y 3m
sdxp{kd	Independent board member	-	Current	3y 5m

View details of Kraken's Founder profiles and Board Members

Kraken's employee count trend

Kraken has 2,075 employees as of Mar 26. Here is Kraken's employee count trend over the years:

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Top competitors of Kraken include PowerSecure, Arcadia and GridX. Here is the list of Top 10 competitors of Kraken, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	PowerSecure 1991, Wake Forest (United States), Acquired	Energy efficiency and smart grid management solutions	-	Glen Capital, Citi & 1 others	69/100
2nd	Arcadia 2014, Washington, DC (United States), Series D	Provider of clean energy data platform and solutions for businesses. It offers end-to-end energy management solutions, streamlining data and processes for enterprises and energy innovators. Services include utility bill management, energy procurement advisory, and sustainability reporting. The platform supports various use cases for energy service providers, such as optimizing solar and storage solutions, EV charging, energy management, and property management. It helps clients lower utility costs, achieve sustainability goals, and improve energy efficiency.	$566M	G2 Venture Partners, Tiger Global Management ... & 39 others	69/100
3rd	GridX 2010, Walnut Creek (United States), Series C	Cloud-based platform offering meter billing solutions	$68.2M	Energy Impact Partners, innogy Innovation Hub ... & 4 others	66/100
4th	Uplight 2019, Boulder (United States), Acquired	AI and SaaS-driven solutions for energy monitoring in residential and commercial buildings	$30M	Schneider Electric, AES & 3 others	65/100
5th	Tantalus 1989, Raleigh (United States), Public	Communication technology provider for smart grids	$58.7M	Sanders Morris Harris Group, ARC Financial ... & 10 others	64/100
6th	CyanConnode Cambridge (United Kingdom), Public	Provider of narrowband radio frequency mesh networks for IoT communications	$5.43M	Herald Investment Management, ET Capital & 4 others	63/100
7th	Kraken 2019, London (United Kingdom), Series D	Provider of utility management solution	$150M	Ontario Teachers' Pension Plan, Durable Capital Partners ... & 3 others	63/100
8th	SparkMeter 2013, Washington, DC (United States), Series A	Provider of smart metering solutions for energy service delivery and management	$41.6M	Clean Energy Ventures, Accurant International ... & 18 others	62/100
9th	Octopus Energy Group 2016, London (United Kingdom), Funding Raised	Provider of energy, electric vehicles, technology, and sustainable energy solutions	-	Generation Investment Management, Macquarie ... & 3 others	59/100
10th	Bcits 1999, Bengaluru (India), Unfunded	Provider of advanced metering infrastructure solutions, unified billing, and system integration	-	-	55/100

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Kraken has acquired 3 companies including Jedlix, Kwest and Sennen. Kraken has not made any investments as of now.

Here is the list of its acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Oct 23, 2024	Acquisition	Jedlix	2015	Rotterdam (Netherlands)
Jan 23, 2024	Acquisition	Kwest	2021	Berlin (Germany)
Dec 21, 2023	Acquisition	Sennen	2017	Bristol (United Kingdom)