# Kraken: portfolio, investments and team

> Kraken is a corporate vc based in United States. 5 investments on record, 1 in the last 12 months, latest Jan 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/kraken (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Kraken

Last cheque observed Jan 2026; 5 cheques on record.

Email

Corporate VC Deploying now

Seed Series A Series B Crypto Blockchain Fintech

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Deploying now

**20%** of best year **1** **cheques in 12 months**, 5 on record

Since the last cheque **295** days **00** hrs **00** min **00** sec

Median round **$150M** Rounds led **0 of 5**

Pitch Kraken

## Kraken highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Series D: 100% of its rounds

## What they do

> We invest early From their own website

- **Type:** Corporate VC
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Crypto Blockchain Fintech
- **Based in:** San Francisco, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **5 appearances**

- **2026** 1 round
- **Jan** **[Alpaca](https://millionrounds.com/company/alpaca)** Series D · US · Diagram **$150M** With 15 others
- **2025** 4 rounds
- **Nov** **[Tharimmune, Inc.](https://millionrounds.com/company/tharimmune-inc)** US · Ventureburn **$540M** With 7 others
- **Oct** **[Prenetics](https://millionrounds.com/company/prenetics)** HK · Ventureburn **$48M** With 4 others
- **Oct** **[Evernorth](https://millionrounds.com/company/evernorth)** Ventureburn **$1.0B** With 5 others
- **Oct** **[Greenlane Holdings](https://millionrounds.com/company/greenlane-holdings)** US · Ventureburn **$110M** With 5 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **11** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$377** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** Kraken Adviser LLC
- **SEC number:** CRD 337920

Funds they back

## 1 fund commitment on record

- **Managers:** 1

Every fund on record that it has committed money to, and the managers who invest it. Source: fund news.

Managers it backs most

- [GitHub 1 fund](https://millionrounds.com/fund/github-accelerator)

Most recent commitments

- [GitHub GitHub Secure Open Source Fund](https://millionrounds.com/fund/github-accelerator)

## What they claim to have backed

From their own portfolio page (on their website)

**0** of 3 we have independently watched raise

Brokercheck Crypto perpetuals Get the app

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## The cheque

Seed Series A Series B

Median round joined **$150M** the round, not its cheque

Led 0 of 5 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Jan 2026

Rounds by stage said on their site

- Series D *1*
- Seed said *-*
- Series A said *-*
- Series B said *-*
- Growth said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [Polychain](https://millionrounds.com/fund/polychain) 2

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## Who they invest alongside

The investors most often in the same rounds as Kraken. A count of rooms they were both in, not a relationship either has claimed.

[**Polychain** VC firm **2** rounds together](https://millionrounds.com/fund/polychain)

## Recently backed

The latest companies Kraken put money into.

[**Alpaca** $150M · Jan 2026](https://millionrounds.com/company/alpaca)[**Prenetics** $48M · Oct 2025](https://millionrounds.com/company/prenetics)

## Quick answers about Kraken

### What does Kraken invest in?

Kraken invests most often at Series D (100% of the rounds on record), in sectors such as Crypto, Blockchain and Fintech.

### How active is Kraken?

5 investments on record, 1 of them in the last 12 months. The most recent was in Jan 2026.

### What has Kraken invested in recently?

Its most recent investments on record: Alpaca (Series D, Jan 2026), Tharimmune, Inc. (Undisclosed round, Nov 2025) and Prenetics (Undisclosed round, Oct 2025).

### How big are Kraken's cheques?

The median round it joins is $150M.

### Does Kraken lead rounds?

Rarely, if at all: none of its 5 investments on record names it as the lead.

### Is Kraken investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### Who does Kraken invest alongside?

Most often Polychain (2 rounds together).

### What kind of investor is Kraken?

Kraken is a corporate VC based in San Francisco, United States.

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=kraken) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=kraken)
