Private Markets, Angel and Secondary Investing, Sacra

Sacra

Bringing transparency to private markets so investors, founders, and employees can build on conviction.

Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Markets, Angel and Secondary Investing

Bringing transparency to private markets so investors, founders, and employees can build on conviction. Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Capital Markets

<ul><li>Sacra estimates that Kraken generated $2.2B of revenue in 2025, growing 33% year-over-year from $1.7B in 2024.</li><li>In November 2025, Kraken raised $800 million at a $20 billion valuation, with participants including Apollo, Oppenheimer, Jane Street, HSG, DRW, Tribe Capital, and the family office of Arjun Sethi.</li><li>Kraken Financial's Federal Reserve master account (approved March 2026) further extends this infrastructure layer, unlocking the ability to offer banking-grade settlement and payment services directly on Fed rails and opening a path to compete for treasury management, payroll, and institutional cash management business without bank intermediaries.</li></ul>

Sacra estimates that Kraken generated $2.2B of revenue in 2025, growing 33% year-over-year from $1.7B in 2024.In November 2025, Kraken raised $800 million at a $20 billion valuation, with participants including Apollo, Oppenheimer, Jane Street, HSG, DRW, Tribe Capital, and the family office of Arjun Sethi.Kraken Financial's Federal Reserve master account (approved March 2026) further extends this infrastructure layer, unlocking the ability to offer banking-grade settlement and payment services directly on Fed rails and opening a path to compete for treasury management, payroll, and institutional cash management business without bank intermediaries.

Kraken

Primer: Kraken - 24 Aug 2026