Kraken announced today that it raised 5 million dollars in its series A investment round. The round is led by Hummingbird Ventures. Other investors include Trace Mayer and Barry Silbert. Kraken CEO Jesse Powell said that the investment capital will be used to strengthen Kraken’s position in the digital currency space, including an expansion of their robust compliance strategy, forging strong bank partnerships, and improving customer support.

Read More:

• TechCrunch (3/25): http://techcrunch.com/2014/03/25/payward-raises-5m-from-hummingbird-to-fund-kraken-bitcoin-exchange/
• CNET (3/25): http://www.cnet.com/news/bitcoin-exchange-kraken-raises-millions-of-dollars/
• Wall Street Journal (3/26): http://online.wsj.com/news/articles/SB10001424052702304679404579461723367
• CNNMoney (3/27): http://finance.fortune.cnn.com/2014/03/27/deals-of-the-day-la-quinta-sets-ipo-terms/