Kalshi Raises $1B, Doubles Valuation to $22B as Trading Volume Jumps 800%
Prediction market startup Kalshi raised $1 billion in a Series F round, valuing the company at $22 billion, double its $11 billion valuation from five months prior. Institutional trading volume surged 800% over six months, solidifying Kalshi’s leadership in US prediction markets.
1. Series F Funding Details
Kalshi secured a $1 billion Series F financing led by Coatue, with Sequoia Capital, Andreessen Horowitz, IVP, Paradigm, Morgan Stanley and ARK Invest participating.
2. Valuation Growth
The new funding round lifted Kalshi’s valuation to $22 billion, up from $11 billion just five months earlier, reflecting rapid investor confidence.
3. Institutional Adoption and Trading Volume
Institutional trading on the platform climbed 800% over the past six months, contributing to over 90% of all US prediction market activity handled by Kalshi.
4. Founders’ Net Worth Impact
Cofounders Lopes Lara and her partner saw their net worths double following the round, with Lopes Lara retaining status as the world’s youngest self-made woman billionaire.