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Faire vs Kraken — IPO & Funding Comparison

Side-by-side IPO readiness, funding history, and valuation comparison. Data sourced by TechStackIPO.

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Some data on this page may be outdated. We're verifying.
Data for Faire last verified: Jul 18, 2026. Kraken: verified Jul 18, 2026.
Metric Faire Kraken
Valuation$12.4B$20B
Total Funding$1.7B$4.22B
IPO StatusPrivatePublic
SectorE-commerceFintech
StageSeries HPublic
HeadquartersSan Francisco, CASan Francisco, CA
CEOMax RhodesArjun Sethi
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Faire

Faire is the wholesale marketplace connecting 700K+ independent retailers with 100K+ emerging brands — the B2B commerce platform for the indie retail economy. Valued at $12.4B with $1.7B raised, Faire processes billions in annual GMV and is the dominant wholesale marketplace globally. IPO candidate as B2B commerce digitisation continues to disrupt traditional wholesale distribution — a $50B+ global market.

IndustryE-commerce
StageSeries H
IPO StatusPrivate
Valuation$12.4B
Total Funding$1.7B
HeadquartersSan Francisco, CA

Kraken

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.

IndustryFintech
StagePublic
IPO StatusPublic
Valuation$20B
Total Funding$4.22B
HeadquartersSan Francisco, CA

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Frequently Asked Questions

What is the Faire vs Kraken valuation in 2026? +

Faire is valued at $12.4B. Kraken is valued at $20B. Both figures are based on the most recent funding rounds tracked by TechStackIPO.

Which is more likely to IPO first — Faire or Kraken? +

Faire filed an S-1 in April 2026 and is actively in the IPO pipeline. 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.

How much has each company raised in total funding? +

Faire has raised $1.7B. Kraken has raised $4.22B.

Are Faire and Kraken in the same sector? +

Faire operates in E-commerce, while Kraken operates in Fintech.

What are the key differences between Faire and Kraken as investments? +

Faire is a E-commerce company valued at $12.4B with $1.7B 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.

How can I invest in Faire or Kraken before their IPO? +

Accredited investors can access pre-IPO shares in Faire 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.

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