Kalshi Hits $22 Billion Valuation After Massive $1 Billion Series F Funding Round

Kalshi Hits $22 Billion Valuation After Massive $1 Billion Series F Funding Round

Briefly

"Kalshi raised a $1B Series F led by Coatue, doubling its valuation to $22B to target institutions. As institutional trading volumes surged 800%, Kalshi's annualized volume reached a massive $178B. Next, Kalshi will use the $1B to build tailored institutional products and chase trillions in market size."

"The leading prediction market closed its Series F funding round, led by Coatue, to reach institutions, which are Kalshi's next target audience. The move comes as the company reported an astounding rise in annualized volume, going from $52 billion to $178 billion over the last six months."

"Kalshi will leverage the funds raised to scale adoption across hedge funds, asset managers, proprietary trading firms, and insurance companies, aiming to entice these institutions to enter prediction markets and attract trillions in capital. To this end, the company will expand its trading suite to include products tailored to satisfy institutional demand."

"The round, led by Coatue with participation of Sequoia Capital, Andreessen Horowitz, IVP, Paradigm, Morgan Stanley, and ARK Invest, assigned it a valuation of $22 billion. The $22 billion figure doubles the company's valuation from the previous funding round in December, when it reached $11 billion."