D1 Capital Partners led a $1bn financing round in Kraken.

D1 Capital Partners, a global investment firm, led a $1bn financing round in Kraken, a fintech company operating a cryptocurrency exchange platform, with participation from Fidelity International, Durable Capital Partners and Ontario Teachers' Pension Plan. "We believe Kraken is adding significant value to utilities, as reflected in its customer satisfaction, stickiness, and growth. The strength of its leadership team gives us confidence in its ability to continue executing on the large opportunity to modernise utility operations. We are excited to partner as Kraken begins a new chapter as an independent company,” Dan Sundheim, D1 Capital Partners Founder and CIO.