From TokenPost · · 40s
Kalshi Raises $1 Billion in Series G
Kalshi's $1 billion Series G funding lifts valuation to $40 billion from $22 billion.
In brief
Kalshi's $1 billion Series G funding lifts valuation to $40 billion from $22 billion. Kalshi raised $1 billion in Series G funding, valuing the platform at $40 billion after a 82% increase in five months. Originally reported by TokenPost.
Kalshi Raises $1 Billion
Kalshi has raised $1 billion in a Series G co-led by Sequoia and Wellington Management, valuing the U.S. prediction-market platform at $40 billion.
Valuation Jump
The new valuation is $18 billion above May's $22 billion mark, an 82% increase in five months.
Funding Details
Other participants included Baillie Gifford, Morgan Stanley Investment Management, Coatue Management, and Andreessen Horowitz. The capital will support retail and institutional product development.
The key point
Kalshi raised $1 billion in Series G funding, valuing the platform at $40 billion after a 82% increase in five months.
