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Kraken vs Alchemy — 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Some data on this page may be outdated.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 Kraken last verified: Aug 21, 2026. Data for Alchemy last verified: Aug 23, 2026.
Metric Kraken Alchemy
Valuation$20B$14.2B
Total Funding$4.22B$1.215B
IPO StatusPublicPre-IPO
SectorFintechCrypto / Web3
StagePublicSeries D
HeadquartersSan Francisco, CASan Francisco, CA
CEOArjun SethiNikil Viswanathan
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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

Alchemy

Web3 developer platform. Leading blockchain infrastructure. IPO pipeline alongside crypto cycle. Massive developer community. Alchemy IPO searches growing.

IndustryCrypto / Web3
StageSeries D
IPO StatusPre-IPO
Valuation$14.2B
Total Funding$1.215B
HeadquartersSan Francisco, CA

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Frequently Asked Questions

What is the Kraken vs Alchemy valuation in 2026? +

Kraken is valued at $20B. Alchemy is valued at $14.2B. Both figures are based on the most recent funding rounds tracked by TechStackIPO.

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

Kraken filed an S-1 in November 2025 and is actively in the IPO pipeline. Alchemy is currently pre-IPO. Track both companies on TechStackIPO for S-1 filings, roadshow announcements, and IPO date updates.

How much has each company raised in total funding? +

Kraken has raised $4.22B. Alchemy has raised $1.215B.

Are Kraken and Alchemy in the same sector? +

Kraken operates in Fintech, while Alchemy operates in Crypto / Web3.

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

Kraken is a Fintech company valued at $20B with $4.22B raised. Alchemy is a Crypto / Web3 company valued at $14.2B with $1.215B raised. See TechStackIPO's full side-by-side comparison for IPO readiness scores, funding timelines, and investor access options.

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

Accredited investors can access pre-IPO shares in Kraken and Alchemy 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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