Octopus Energy’s tech arm Kraken has been valued at nearly $9bn (£6.4bn) after the energy giant offloaded a significant stake to a group of American backers. Some of the funds will also be invested in Octopus Energy. After the deal completes, Octopus Energy will retain a 13.7pc stake in the Kraken business, with existing investors including thousands of staff still backing the business. The fundraising makes Kraken one of the UK’s most valuable technology businesses and cements Octopus Energy as one of Britain’s largest private companies. Octopus announced in September plans to spin off the tech company, and Monday’s deal is the first standalone investment into the group from outside investors.

Source: The Times December 30, 2025 09:41 UTC