Kraken Technology

Investor: DTCP

Kraken Technology Group, a Fareham-based maritime defence technology company specializing in uncrewed autonomous maritime platforms, has successfully secured £130 million (equivalent to $175 million) in a Series B funding round. This significant investment aims to accelerate the development of its uncrewed surface vessels and expand its global manufacturing capabilities. Summary of transaction details: Value: £130 million Sector: DeepTech & Defence Advisor: None mentioned Key Entities: Target: Kraken Technology Group; Lead Investor: DTCP; Other Investors: British Business Bank, NATO Innovation Fund (NIF), Rheinmetall, Inocea Group, HICO, Thesiger Capital Group, BOKA Capital, Supernova Invest, Hakluyt Capital. Location: Fareham, UK (Target Company) Note: This funding round underscores the increasing strategic importance of advanced autonomous maritime defence technologies and the strong investor confidence in Kraken Technology Group's proven capabilities and market traction with key international defence partners.

Investor: DTCP

Kraken Technology, a company specialising in uncrewed autonomous maritime platforms, has successfully completed a Series B funding round, securing £130 million from a consortium of investors.Summary of transaction details:Value: £130 millionSector: Defence TechAdvisor: Not mentionedKey Entities: Kraken Technology (Target), DTCP, British Business Bank, NATO Innovation Fund, Rheinmetall, Inocea Group, HICO, Thesiger Capital Group, BOKA Capital, Supernova Invest, Hakluyt Capital, National Security Strategic Investment Fund, SmartCap, Notion Capital, Speedinvest (Investors)Location: Fareham (HQ)Note: This substantial Series B funding will enable Kraken Technology to accelerate its development and deployment of advanced maritime defence solutions, capitalizing on the growing demand for autonomous capabilities in the sector.