Kraken's $500M Funding Round Drew Apollo Global, Jane Street, and HSG
Cryptocurrency exchange Kraken secured participation from Apollo Global Management, Oppenheimer, Jane Street, and HSG (formerly Sequoia Capital China) in its recent funding round that valued the company at approximately $15 billion, two sources familiar with the matter told Reuters. The $500 million raise, completed in September, also included Qube Research & Technologies, Kraken co-CEO Arjun Sethi, and his venture firm Tribe Capital. One source said the financing paves the way for a potential IPO in the coming months.