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Octopus spins off tech arm after $1bn investment boost
Bristol Post
|December 31, 2025
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 AI-powered platform now contracted to serve over 70m household and business accounts worldwide was valued at $8.65bn (£6.4bn) following the new round, with investors taking a $1bn slice of the firm.
The cash generated from the investment round will be used to fund both Octopus and Kraken, but the majority is expected to be funnelled into Octopus Energy.
This story is from the December 31, 2025 edition of Bristol Post.
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