Kraken

Investor: D1 Capital Partners

Octopus Energy Group is spinning out its technology arm Kraken in a landmark deal that values the business at $8.65 billion, following a $1 billion standalone investment round. Summary of transaction details: Value: $8.65 billion Sector: Software & SaaS Advisor: Not disclosed Key Entities: Kraken, D1 Capital Partners, Octopus Energy Group Location: UK Note: The deal marks a significant milestone for Kraken, which has grown into one of the world’s most advanced AI-powered operating systems for energy utilities, and is expected to have a major impact on the energy transition.