Kraken Secures New Investment for Global Expansion
Deal News | Jul 02, 2025 | CEE Legal Matters
Kraken Technology Group, a UK-based maritime defense innovator, has secured significant investment from several notable institutions, including the NATO Innovation Fund and the UK's National Security Strategic Investment Fund (NSSIF). This capital injection will enable Kraken to scale production, accelerate research and development, and expand globally. The funding round was advised by the legal firm Ellex, with a team led by Partner Antti Perli and Counsel Rutt Vark. Ellex did not disclose further details but has a history of advising Superangel on various investments, including in technology and eco-focused ventures like Labrys, Ringo Eco, FleetGuru, ParcelSea, and Vok Bikes.
Sectors
- Maritime Defense
- Private Equity and Venture Capital
- Legal Services
Geography
- United Kingdom – Kraken Technology Group is based in the UK and the investment supports its operations.
- Global – The funding from international institutions like NATO suggests a broader global reach for Kraken's business initiatives.
Industry
- Maritime Defense – Kraken Technology Group operates in the maritime defense sector, focusing on developing next-generation uncrewed surface vessels.
- Private Equity and Venture Capital – Superangel, the investment firm advised by Ellex, is actively participating in funding rounds within technology and defense sectors.
- Legal Services – Ellex provides legal advisory services, including for Superangel on investment transactions.
Financials
- USD 20 million – The amount raised in a previous series A round for Labrys where Superangel participated earlier in the year.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kraken Technology Group | Target Company | Company | A UK-based innovator in maritime defense technology, developing uncrewed surface vessels. |
| Superangel | Investor | Company | An investment firm participating in the funding round for Kraken Technology Group. |
| NATO Innovation Fund | Investor | Company | A prominent fund participating in Kraken Technology Group's investment round. |
| UK National Security Strategic Investment Fund | Investor | Government | The UK's strategic investment fund focusing on national security, participating in Kraken's funding. |
| Ellex | Legal Advisor | Company | A law firm providing legal advisory services for Superangel in their investment transactions. |