# Kraken Technology raises $175M Series B led by DTCP

> Kraken Technology, based in United Kingdom, has raised $175M in a Series B led by DTCP, announced on 4 August 2026. 13 other investors joined.

Source: https://millionrounds.com/news/rounds/kraken-technology-series-b-2026-08 (Millionrounds; every figure on the page links to its filing or article)

Raised **$175M** 2 sources reported it

Stage **Series B** 1 earlier round on record

Investors **14** 1 named as lead

Where **GB** United Kingdom

Defence Tech Logistics Robotics

## How big is it?

Against every equity round we recorded in the twelve months to 4 August 2026. Ranks count companies, so the same raise reported twice is counted once.

**#263** equity round of the last twelve months

**#38** Series B of 383 in that time

**#16** round in United Kingdom, of 304

This round **$175M**

Median Series B **$50M**

3.5 times the median Series B of the last twelve months.

## Who invested

- [**DTCP** 5 rounds in the last twelve months *Led*](https://millionrounds.com/fund/deutsche-telekom-strategic-investments)

Also in the round

- [British Business Bank](https://millionrounds.com/fund/national-security-strategic-investment-fund)
- [Speedinvest](https://millionrounds.com/fund/speedinvest)
- [Notion Capital](https://millionrounds.com/fund/notion-capital)
- [NATO Innovation Fund (NIF)](https://millionrounds.com/fund/nato-innovation-fund)
- [Supernova Invest](https://millionrounds.com/fund/supernova-invest)
- [SmartCap](https://millionrounds.com/fund/smartcap)
- [Boka Capital](https://millionrounds.com/fund/boka-capital)
- [HICO](https://millionrounds.com/fund/hico)
- [Hakluyt Capital](https://millionrounds.com/fund/hakluyt-capital)
- [Thesiger Capital Group](https://millionrounds.com/fund/thesiger-capital-group)
- [Rheinmetall](https://millionrounds.com/fund/rheinmetall)
- [Inocea Group](https://millionrounds.com/fund/inocea-group)
- [UK's National Security Strategic Investment Fund](https://millionrounds.com/fund/uk-s-national-security-strategic-investment-fund)

## Funding history

- August 2026 Series B **$175M**
- October 2024 Series A **$2.6M**

$178M raised across the 2 rounds we hold.

## Reported by

- Boka Capital 9 July
- Ventureburn 10 July

The round's figures come from these reports; each link opens the original.

## Other big rounds that week

[**Firmus Technologies** $2.0B Growth](https://millionrounds.com/news/rounds/firmus-technologies-growth-round-2026-08)[**Lumilens** $700M Series C](https://millionrounds.com/news/rounds/lumilens-series-c-2026-08)[**Hadrian** $1.4B Growth](https://millionrounds.com/news/rounds/hadrian-growth-round-2026-08)[**Moove** $250M Series C](https://millionrounds.com/news/rounds/moove-series-c-2026-08)[**ICEYE** $1.2B Series F](https://millionrounds.com/news/rounds/iceye-series-f-2026-08)[**HappyRobot** $150M Series C](https://millionrounds.com/news/rounds/happyrobot-series-c-2026-08)

[The company **Kraken Technology on Millionrounds** *→*](https://millionrounds.com/company/kraken-technology)[Weekly roundup **Week of 3 August** *→*](https://millionrounds.com/news/weekly/2026-08-03)[Monthly roundup **August 2026** *→*](https://millionrounds.com/news/monthly/2026-08)

**How this article is made**

We write one for every equity round of $100M or more that at least two sources reported. It is put together from our record of rounds, not rewritten from the reports: the ranks and medians count every equity round we read in the twelve months to the round's date. [How we read rounds](https://millionrounds.com/methodology) · [Report a mistake](https://millionrounds.com/corrections)