Kalshi
YC W19 ↗New York City, US · Founded 2019 · Delaware corporation · 125 employees · 29 known investors
Kalshi operates a federally regulated futures exchange that allows users to trade contracts based on the outcomes of real-world events, creating a new market for event-based financial derivatives.
Founders & leadership· Y Combinator alumni (W19)
Investors · 29
a16z cryptoMenlo Park
Andreessen HorowitzMenlo Park · $500K – $50M
CapitalGSan Francisco · $50M – $100M
Coatue ManagementNew York · $1M – $20M
Conductive VenturesMountain View
Deviation CapitalNew York
Formus Capital
Human CapitalSan Francisco · $250K – $200M
Integra GroupeMenlo Park · $100K – $200K
Interplay Ventures Early Stage Management LlcNew York · $1M
IVP (Institutional Venture Partners)San Francisco · $15M – $75M
J17 Capital
Manhattan WestLos Angeles
Mantis CapitalSanta Monica · $100K – $1M
Meritech Capital PartnersPalo Alto · $5M – $40M
Multicoin CapitalAustin · $1M – $50M
Nexus BayTelegraph Bay
Night CapitalCapitolavia Kevin Carter · inferred
ParadigmSan Francisco · $1M – $100M
Pathlight VenturesOld Bridge · $500K – $5M
Razor Capitalvia Oussama Glilah · inferred
Sequoia CapitalMenlo Park · $4.4M – $214Mvia Alfred Lin · board
SGH CapitalParis
Soma CapitalSacramento · $100K – $300K
Spark CapitalSan Francisco · $500K – $25M
SV AngelSan Francisco
WealthUnion$10K
Y CombinatorSan Francisco · $500K
Jam FundreportedLos Angeles · $500K – $20Mvia Justin Mateen · inferred
Reported raises · per SEC filings
Form D private placements▶$820.8MraisedDec 2025 · 31 investors · Other TechnologyRule 506(b)
▶$820.8MraisedDec 2025 · 31 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
- Michael SeibelDirector
- Alfred LinDirector
- Tarek MansourExecutive Officer, Director
- Luana Lopes LaraExecutive Officer, Director
- Matt HuangDirector
- Offering amount
- $1000M
- Amount sold
- $820.8M
- First sale
- Nov 2025
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$70MraisedNov 2025 · 14 investors · Other TechnologyRule 506(b)
▶$70MraisedNov 2025 · 14 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Matt HuangDirector
- Alfred LinDirector
- Tarek MansourExecutive Officer, Director
- Michael SeibelDirector
- Luana Lopes LaraExecutive Officer, Director
- Offering amount
- $70M
- Amount sold
- $70M
- First sale
- Nov 2021
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$125MraisedOct 2025 · 14 investors · Other TechnologyRule 506(b)
▶$125MraisedOct 2025 · 14 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Luana Lopes LaraExecutive Officer, Director
- Tarek MansourExecutive Officer, Director
- Michael SeibelDirector
- Alfred LinDirector
- Matt HuangDirector
- Offering amount
- $125M
- Amount sold
- $125M
- First sale
- Jun 2025
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$294.5MraisedOct 2025 · 20 investors · Other TechnologyRule 506(b)
▶$294.5MraisedOct 2025 · 20 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Alfred LinDirector
- Michael SeibelDirector
- Tarek MansourExecutive Officer, Director
- Luana Lopes LaraExecutive Officer, Director
- Matt HuangDirector
- Offering amount
- $390M
- Amount sold
- $294.5M
- First sale
- Oct 2025
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$30MraisedFeb 2021 · 10 investors · Other TechnologyRule 506(b)
▶$30MraisedFeb 2021 · 10 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Alfred LinDirector
- Luana Lopes LaraExecutive Officer, Director
- Tarek MansourExecutive Officer, Director
- Offering amount
- $30M
- Amount sold
- $30M
- First sale
- Dec 2020
- Incorporated
- Corporation, Delaware, 2018
- Federal exemptions
- 06b
▶$6.1MraisedMar 2020 · 28 investors · Other TechnologyRule 506(b)
▶$6.1MraisedMar 2020 · 28 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Luana Lopes LaraExecutive Officer, Director
- Tarek MansourExecutive Officer, Director
- Offering amount
- $6.1M
- Amount sold
- $6.1M
- First sale
- Mar 2020
- Incorporated
- Corporation, Delaware, 2018
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
In the news
- Kalshi, the Prediction Market, Raises $1 Billion at a $22 Billion Valuation - The New York Timesnytimes.com · 2026
- The Odds of Me Being Mauled by a Bear This Weekend Keep Going Up on Kalshimcsweeneys.net · 2026
- Kalshi, a Prediction Market, Raises $1 Billion in New Roundnytimes.com · 2025
- Prediction Market Kalshi Hits $2 Billion Valuation in New Funding Roundwsj.com · 2025
- Paradigm to Invest in Prediction Market Kalshi at More Than $1 Billion Value - Bloombergbloomberg.com · 2025
- A New Prediction Market Lets Investors Bet Big on Almost Anythingbloomberg.com · 2022