February 2, 2016
$2 billion Japanese conglomerate leads Kraken’s Series B round
SAN FRANCISCO, CA – [Press Release] – Global bitcoin exchange Kraken announced a multi-million dollar agreement with SBI Investment, one of Japan’s leading and most respected venture capital firms, to invest in and lead the Series B round of financing in Kraken. SBI Investment is the venture capital arm of SBI Holdings, the world’s first Internet-based financial conglomerate. The terms of the deal were not disclosed.
SBI Holdings, the parent company of SBI Investment, generated operating revenues of ¥245 billion in 2015, or over $2 billion dollars, including an operating income of ¥68.2 billion or approximately $570 million. The ...