Private equity firm D1 Capital Partners has led a $1bn investment round into Kraken Technologies, the energy software arm of Octopus Energy Group, being spun out of the UK-based clean energy group as an independent company at a valuation of $8.65bn.
The transaction marks Kraken’s first standalone funding round and paves the way for its formal demerger from Octopus Energy. Alongside D1 Capital Partners, the round attracted new institutional investors including Ontario Teachers’ Pension Plan Board...
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