Bitcoin Exchange Kraken Secures Investment from Japan's Leading VC Firm

Bitcoin Exchange Kraken Secures Investment from Japan's Leading VC Firm

Japan’s leading venture capital firm SBI Investment has been revealed as the lead investor in the Series B round of financing in bitcoin exchange Kraken. In an announcement via a press release today, bitcoin exchange Kraken revealed it had secured a “multi-million dollar agreement” with SBI Investment. The exact terms of the deals weren’t disclosed. SBI Investment is the venture capital arm of parent company SBI Holdings, a conglomerate that deems itself as the world’s first internet-based financial group of the kind. The conglomerate is made up of some 208 companies with revenues of $2....


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Japanese venture capital firm SBI Investment is leading a Series B funding round in bitcoin exchange Kraken. While the terms of the deal were not disclosed, Kraken said that a “multi-million dollar” investment had been agreed upon with SBI. Kraken did not say when it expected the Series B round to be completed. “It’s a fantastic first step toward completing Series B, which will ultimately enable us to scale our business worldwide,” said Kraken CEO Jesse Powell. SBI Investment is the venture capital arm of SBI Holdings, an Internet-based financial group that reported an operating revenue of....