How Much Did Kalshi Raise? Funding & Key Investors

Date August 23, 2025
K

Kalshi

COMPANY INFO

Kalshi Inc. is a financial exchange company founded in 2018 by Tarek Mansour and Luana Lopes Lara. With approximately 195 employees, Kalshi operates a federally regulated platform where retail and institutional traders can trade event contracts based on the outcomes of future events, allowing users to hedge risks and capitalize on opinions about economic, political, cultural, and scientific developments. Their website is kalshi.com, and they operate in the event-based trading industry.

How Much Did Kalshi Inc. Raise? Funding & Rounds and Investors

Kalshi Inc. is a trailblazer in the financial software industry, established in 2018 by Tarek Mansour and Luana Lopes Lara. Specializing in event-based trading, Kalshi operates a federally regulated platform that lets both retail and institutional traders buy and sell event contracts based on the outcomes of future events—ranging from economics to politics, culture, and science. With its headquarters in New York and approximately 224 employees as of 2025, Kalshi empowers users to hedge risk and speculate on timely and impactful global developments.

Kalshi Inc. funding has been among the most notable in the fintech space, with a total of $265 million raised across 7 funding rounds as of June 2025. The company’s funding journey has included accelerators, seed rounds, and venture capital investments, with participation from some of the industry’s most high-profile investors and VC firms. Kalshi’s overall funding strategy has balanced early product development, regulatory approval, and rapid scaling, culminating in major rounds supporting engineering team expansion, new market innovations, and mass adoption.

Funding Rounds

Series C - $185M - June 25, 2025

This round was led by Paradigm, valuing Kalshi Inc. at $2 billion. The funds are earmarked to significantly grow the engineering team, launch innovative market structures, and make prediction markets more accessible to a wider audience.

Later Stage VC - $50M - October 31, 2024

Later stage venture capital investment aimed at supporting revenue generation, accelerating platform growth, and scaling operational capacity.

Series B - Undisclosed - January 1, 2022

An early-stage VC funding round to support Kalshi’s continued market expansion and user acquisition.

Series A - $30M - February 17, 2021

Led by Sequoia Capital with participation from Charles Schwab and other notable investors, this round enabled major product development and platform scaling, with a post-money valuation of $9.1 million.

Seed Round - Undisclosed - July 24, 2019

Additional seed funding to support ongoing product enhancements and market development.

Seed Round - $2M - May 1, 2019

Backing from Y Combinator to accelerate product development and go-to-market strategy.

Accelerator/Incubator - $150K - March 23, 2019

Initial accelerator funding from Y Combinator to jumpstart platform creation and early user onboarding.

Pre-Seed Round - $150K - March 18, 2019

Pre-seed investment from Y Combinator, enabling Kalshi’s initial launch and operational setup.

Key Investors

Sequoia Capital

Sequoia Capital is a global venture capital firm known for backing market-leading technology companies. As the lead investor in Kalshi Inc.'s $30M Series A round, Sequoia brought deep fintech expertise and credibility to the company's mission.

Henry Kravis

Henry Kravis, co-founder of KKR, is a high-profile private equity figure whose investment in Kalshi underscores confidence in the startup’s disruptive approach to event trading.

Y Combinator

Y Combinator is a leading startup accelerator instrumental in Kalshi Inc.'s earliest funding rounds, providing seed capital and mentorship that fueled the company’s initial growth.

Neo

Neo is an early-stage venture capital firm focused on supporting emerging technology companies and participated in Kalshi’s fundraising.

Mantis VC

Mantis VC, a venture capital fund co-founded by The Chainsmokers, is known for backing innovative platforms and helped fuel Kalshi’s expansion with strategic capital.

Paradigm

Paradigm, a top-tier crypto and fintech-focused VC, led Kalshi’s $185M Series C round and is pivotal in supporting the company’s push to bring prediction markets to the mainstream.

Multicoin Capital

Multicoin Capital is a thesis-driven investment firm that participated in Kalshi’s rounds, bringing blockchain and crypto expertise to the fold.

Peng Zhao (Citadel Securities CEO)

Peng Zhao, CEO of Citadel Securities, provided strategic investment and industry insight, enhancing Kalshi’s credibility in financial markets.

Charles Schwab

Charles Schwab is a major financial services company whose investment in Kalshi’s Series A round signaled institutional trust in the company’s regulatory and market approach.

SV Angel

SV Angel is an angel investor fund that supported Kalshi Inc. in its early-stage fundraising efforts.

JAM Fund

JAM Fund is an early investor providing financial backing to help launch and grow Kalshi Inc.'s innovative platform.

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