Startups
Kraken Technologies delivers transformational EnTech to businesses around the world to make the global transition to green energy quicker and more affordable. Part of the Octopus Energy Group.
Overview
Location
United Kingdom
Employees
201-500
Total raised
$33.72M
Founded date
2019
Funding Rounds 1
| Date | Series | Amount | Investors |
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Mentions in press and media 15
| Date | Title | Description |
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| Jul 21, 2026 | British Business Bank cuts jobs in automation push | The British Business Bank slashed its headcount in the last year as the government-owned economic development bank underwent a major restructuring. The bank – which backs loans from financial institutions in a bid to drive up UK small busin... |
| Jun 11, 2026 | Kraken Launches Autonomous Agents for Utility Customer Service Built in Partnership with Sierra | Kraken, the most-loved operating system for utilities, today unveiled Autonomous Agents, utility-specific AI agents that orchestrate complex workflows to deliver customer resolutions at scale. Developed in partnership with Sierra, Autonomou... |
| Apr 16, 2026 | Octopus CMO Rebecca Dibb-Simkin: I was warned against joining an energy startup | Each week, we dig into the memory bank of the City’s great and good. Today, Octopus CMO Rebecca Dibb-Simkin takes us through her career, from being warned off joining an energy startup to her love of Greggs chicken bakes, in Square Mile and... |
| Jan 20, 2026 | British Business Bank invests £25M in Kraken Technologies | The UK government-backed British Business Bank (BBB) is taking a £25m stake in Kraken Technologies, the software entity being spun out of Octopus Energy, marking the bank's biggest ever direct investment into a private firm. Octopus Energy ... |
| Jan 5, 2026 | Kraken Raises $1 Billion; Valued at $8.65 Billion | Kraken, a London, UK- and NYC-based utility software startup, raised $1 Billion in funding to split by Octopus Energy. The round was led by D1 Capital Partners, with participation from Fidelity International, Durable Capital Partners and On... |
| Dec 29, 2025 | Octopus Energy spins off Kraken in $8.65B deal as energy software arm raises $1B | Britain’s clean energy heavyweight Octopus Energy is breaking its most valuable technology asset out into the open. The company said Monday it will spin off its software arm, Kraken, as a standalone business valued at $8.65 billion, followi... |
| Sep 18, 2025 | Octopus Energy to spin off Kraken software unit at potential $15B valuation Send us a News Tip EXTRACT THE SIGNAL FROM THE NOISE Cookies | Octopus Energy Group Ltd. today announced plans to spin off its Kraken subsidiary, which sells software that helps utilities operate more efficiently. The Wall Street Journal cited analysts as saying that the deal could value Kraken at $15 ... |
| Sep 18, 2025 | Greg Jackson spins off Kraken from Octopus Energy | Greg Jackson’s Octopus Energy has announced the spin-off of its technology arm Kraken to become a standalone business. The group said the move is aimed at “speeding up the platform’s expansion across the globe” and allowing Kraken to “fast-... |
| Jul 7, 2025 | Octopus’s Greg Jackson: We have been gaslit by vested interests | Octopus Energy founder Greg Jackson has accused his opponents of “gaslighting” ahead of an imminent decision by ministers on whether to split up the UK’s power market. Prime Minister Sir Keir Starmer is expected to draw a line under the zon... |
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FAQ about Kraken
When was Kraken founded?
Kraken was founded in 2019.
How much funding has Kraken raised?
Kraken has raised $33.72M in total across 1 funding round.
What has the press written about Kraken?
Parsers VC has collected 15 articles mentioning Kraken, among them “British Business Bank cuts jobs in automation push” (Jul 21, 2026) and “Kraken Launches Autonomous Agents for Utility Customer Service Built in Partnership with Sierra” (Jun 11, 2026).
Is Kraken still active?
Yes, Kraken is active; its latest activity on Parsers VC dates from Oct 15, 2026.