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Octopus spins off tech arm after investment boost
December 31, 2025
|Derby Telegraph
OCTOPUS Energy Group has spun off its technology arm, Kraken, following its first standalone investment round.
The fresh funding round for Kraken was led by global investment giant D1 Capital Partners, with new investors including Fidelity International, Durable Capital Partners and Ontario Teachers’ Pension Plan Board.
Kraken - which is an Al-powered platform now contracted to serve over 70 million household and business accounts worldwide - was valued at $8.65 billion (£6.4 billion) following the new round, with investors taking a $1 billion slice of the firm.
هذه القصة من طبعة December 31, 2025 من Derby Telegraph.
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