News

January 20, 2026

British Business Bank takes £25m stake in Octopus Energy-spinoff Kraken

The bank has also pledged £50m apiece to two UK deep tech funds

Freya Pratty

2 min read

The British Business Bank has invested £25m into Kraken, a software firm spun out of Octopus Energy. The deal is the bank’s largest ever direct investment into a private company. 

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Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

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