The financing values the former Octopus Energy subsidiary at $8.7bn and marks its official separation as a standalone technology provider.
"Kraken is in a class of its own, in terms of technology, capability, and scale. As an independent company with world-class backers and outstanding leadership, it will be free to grow even faster and is set to be a true UK-founded success story."
The seed round was led by Tensor Ventures to accelerate platform capabilities and go-to-market efforts.
"Enterprises have brilliant engineers spending the majority of their time maintaining the past instead of inventing what’s next. AppFactor changes that by turning software upkeep into an autonomous, closed-loop process. With the AppFactor Agentic Orchestration Platform handling maintenance, teams move much faster on the initiatives that grow the business."
The investment was facilitated by FundMyPitch to help fund product development and the shift to an open fitness ecosystem.
"Opening up Apex so it works with any Bluetooth-enabled bike is a pivotal step, it makes the experience far more accessible and unlocks a much bigger market. FundMyPitch were instrumental in closing this round, they made high-quality introductions quickly, kept momentum throughout, and helped us get the raise over the line."
The minority backing from LDC will support international expansion and product development.
"I founded myHappymind with a clear vision: to make positive mental wellbeing education part of everyday school life. Our team has since created programmes that are transforming outcomes for children and families, showing that prevention in schools is both possible and powerful."