Side-by-side IPO readiness, funding history, and valuation comparison. Data sourced by TechStackIPO.
Scores, valuations, and signals for Carta, Kraken, and 370+ companies. 5-min read every Tuesday.
Carta is the equity management and cap table platform for 35,000+ companies, enabling cap table management, 409A valuations, and secondary market transactions. Valued at $7.4B with $1B+ raised, Carta processes equity for over 60% of all funded startups globally and is expanding into public company cap table management. Major fintech IPO candidate disrupting traditional transfer agent and stock plan management markets.
| Industry | Fintech |
| Stage | Series D+ |
| IPO Status | Pre-IPO |
| Valuation | $8.2B |
| Total Funding | $1.6B |
| Headquarters | San Francisco, CA |
Kraken is a leading global digital asset exchange and financial services company. Publicly traded since early 2026, the platform provides spot and derivatives trading, institutional custody, and staking services to millions of users worldwide.
| Industry | Fintech |
| Stage | Public |
| IPO Status | Public |
| Valuation | $20B |
| Total Funding | $4.22B |
| Headquarters | San Francisco, CA |
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Carta is valued at $8.2B. Kraken is valued at $20B. Both figures are based on the most recent funding rounds tracked by TechStackIPO.
Carta is currently pre-IPO. Kraken filed an S-1 in November 2025 and is actively in the IPO pipeline. Track both companies on TechStackIPO for S-1 filings, roadshow announcements, and IPO date updates.
Carta has raised $1.6B. Kraken has raised $4.22B.
Carta operates in Fintech, while Kraken operates in Fintech.
Carta is a Fintech company valued at $8.2B with $1.6B raised. Kraken is a Fintech company valued at $20B with $4.22B raised. See TechStackIPO's full side-by-side comparison for IPO readiness scores, funding timelines, and investor access options.
Accredited investors can access pre-IPO shares in Carta and Kraken through secondary market platforms, pre-IPO funds, and broker-dealer platforms that facilitate private company transactions. TechStackIPO's marketplace section tracks available access options for both companies. Pre-IPO investments carry higher risk and limited liquidity.