Sidley Represents Jane Street in Investments in Kraken and X-Energy
December 3, 2025
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Sidley represented Jane Street Global Trading as the lead investor in a US$700 million financing round for X-Energy Reactor Company, LLC, a leader in advanced nuclear reactor and fuel technology, and in an US$800 million financing round for Kraken, the a leading global cryptocurrency platform. Jane Street was joined by new and existing investors in these headline investment transactions securing both companies with significant capital to further expand their operations.
The Sidley team was led by partner Michael Podolny (Emerging Companies and Venture Capital), and included Peiyu Yu and Samantha Carvalho (Emerging Companies and Venture Capital); Rachelle Soderstrom and Collin Marshall (Technology and Life Sciences Transactions); Nicole Noëlliste (Environmental, Health, and Safety); Kenneth Irvin (Energy and Infrastructure); Kyle Fiet (Litigation); and Jonathan Westreich (Tax).