Business Analytics

Kraken to Become Standalone Company at $8.65B Valuation

Octopus Energy Group announced it has raised its first sole investment round in Kraken, the energy technology company it has developed and grown. With this round, Kraken will officially embark on its journey as an independent company. The round was led by D1 Capital Partners, a major US investment firm, and included new participation from global institutional investors such as the Ontario Teachers' Pension Plan (OTPP), Fidelity International, and Durable Capital Partners. In total, new and existing investors acquired approximately $1 billion worth of Kraken shares in this round. Additionally, Octopus Energy Group's existing investors continue to support the company, with Octopus Capital leading an additional investment of approximately $320 million in Octopus Energy Group itself, giving Octopus Energy Group a 13.7% stake in Kraken and further strengthening the group's…