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 less than £1M as on Jan 31, 2025

Where does Kraken rank among its competitors?

Kraken ranks 6th amongst 435 active competitors, of which 61 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 Arcadia, GridX and Uplight. Among them, Tantalus secured the most recent funding round in February, 2026.

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

Company Details

AI-powered utility operating system for managing customers, assets, grid operations, and distributed energy resources. It provides tools for customer management, billing, field operations, network and distribution management, generation optimization, and distributed energy flexibility. By integrating utility data, automation, and real-time analytics, It enables energy providers to improve operational efficiency, manage renewable energy assets, optimize grid flexibility, and deliver smarter energy services.

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 & 5 more

Ranked

6^th among 435 active competitors

Annual Revenue

£0 - £1M as on Jan 31, 2025

Employee Count

2,075 as on Mar 31, 2026

Investment & Acquisitions

Jedlix & 2 more

Similar Companies

Arcadia & 207 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	£0 - £1M (As on Jan 31, 2025)	-

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 6 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	7429608	Series D	4325790	3492179	9383656	5751364

Access funding benchmarks and valuations. Sign up today!

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.
Matthew Potts: Co-Founder of Kraken.

Kraken's Board of Directors

Kraken's board has 6 active members. James Andrew Eddison, Greg Sean Jackson, John Bowie, Simon Andrew Rogerson, 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	7y 3m
awzh{iu	Independent board member	-	Current	5y 1m
jevmint	Independent board member	-	Current	2y 3m
ztxdxzk	Independent board member	-	Current	4y 8m
cjkcref	Independent board member	-	Current	8y 1m
adfojli	Independent board member	-	Current	7y 4m

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:

Uncover Kraken's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Kraken include Arcadia, GridX and Uplight. 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	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, Magnetar & 40 others	66/100
2nd	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
3rd	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
4th	Tantalus 1989, Raleigh (United States), Public	Communication technology provider for smart grids	$58.7M	Sanders Morris Harris Group, ARC Financial ... & 10 others	65/100
5th	PowerSecure 1991, Wake Forest (United States), Acquired	Energy efficiency and smart grid management solutions	-	Glen Capital, Citi & 1 others	64/100
6th	Kraken 2019, London (United Kingdom), Series D	AI-powered utility operating system for managing customers, assets, grid operations, and distributed energy resources	$150M	Durable Capital Partners, Octopus Ventures ... & 4 others	57/100
7th	CyanConnode Cambridge (United Kingdom), Public	Provider of narrowband radio frequency mesh networks for IoT communications	$5.43M	ET Capital, Herald Investment Management & 4 others	63/100
8th	Avaada Electro 2011, Mumbai (India), Unfunded	Manufacturer of high-efficiency solar cells and modules for utility, commercial, and residential applications	-	-	60/100
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	Utilita 2003, Winchester (United Kingdom), Unfunded	App-based utility bill management platform	-	-	57/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on Kraken's competitors? Click here to see the top ones

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)