Kalshi

Other Financial Services · New York, NY · Founded 2018 · Privately Held (backing)

Operator of a regulated exchange intended for trading event contracts. Kalshi is based in New York, NY and was founded in 2018. It is valued at about $36.1 billion as of Oct 2026, set by secondary market price, down 10% since its later-stage round in Jun 2026. It has raised $2.5 billion across 11 recorded rounds; the latest was a $750 million later-stage round in Jun 2026.

PMV mark · valuation
$36.1B
Oct 2026
Secondary market · $/share
$971
Total raised
$2.5B
Last round
Later Stage VC
Jun 2026
How much has Kalshi raised?
$2.5Bacross 11 recorded rounds · Nov 2021 – Jun 2026

Most recently, Kalshi raised $750.0M in its Later Stage VC (Jun 2026).

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Kalshi round by round

11 rounds
Jun 2026Later Stage VC$750.0M▮
May 2026Series F$1.2B▮
Baillie GiffordleadCoatue Managementlead+ 8 more investors · free account
Nov 2025Series E$1.0B▮
CapitalGlead+ 9 more investors · free account
Oct 2025Series D$300.0M▮
Jun 2025Series C$185.0M▮
Paradigm (Crypto Fund)lead+ 7 more investors · free account
Nov 2021Series B$70.0M▮
+ 3 more investors · free account
+ 5 earlier rounds · a free account shows the full history

How much has Kalshi raised?

Kalshi has raised $2.5 billion across 11 recorded rounds since 2019. The largest was a $750 million later-stage round in Jun 2026. 10 of the rounds disclosed a post-money valuation.

Kalshi has filed 3 Form Ds with the SEC since 2020, most recently in Dec 2025 ($821 million sold to 31 investors).

Kalshi investors

74 investors are on record for Kalshi, led by Andreessen Horowitz, Sequoia Capital, Global Founders Capital and Paradigm (Crypto Fund). By type, the record holds 28 venture capital firms and 4 asset managers. 4 of them led at least one round. The Series F in May 2026 drew 10 investors.

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Frequently asked about Kalshi

How much has Kalshi raised?
Kalshi has raised $2.5B in total across 11 recorded funding rounds.
Who are Kalshi's lead investors?
Lead investors in Kalshi's recorded rounds include Andreessen Horowitz, CapitalG, Sequoia Capital, Baillie Gifford, Coatue Management.
When was Kalshi's last funding round?
Kalshi's most recent recorded round was Later Stage VC in Jun 2026, raising $750.0M.