# Kalshi

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kalshi

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.kalshi.com
- Total disclosed funding: $3.5B
- Latest round: Series D (Oct 29, 2026)
- Investors on record: 31

## About

Kalshi Inc., based in the US, operates a novel prediction market platform that allows users to trade on outcomes of future events across various categories such as politics, economics, and sports.

Founded in 2018 by Tarek Mansour and Luana Lopes Lara, and headquartered in New York, US, Kalshi Inc. offers a unique platform for trading on future event outcomes. In April 2026, Kalshi Inc. raised USD 1.12 billion in series F funding led by Coatue Management, with participation from Morgan Stanley Investment Management, Ark Invest, Paradigm, Institutional Venture Partners, Andreessen Horowitz, and Sequoia. As of August 2026, the company is led by its CEO Tarek Mansour.

Kalshi operates a pioneering prediction market platform that enables users to trade on the outcomes of future events, covering a wide range of categories including politics, economics, and sports. Users can create and engage in markets that reflect their expectations, facilitating real-time price discovery of event probabilities. The platform supports a diverse clientele, including retail investors, professional traders, and organizations looking to leverage predictive insights for better decision-making, primarily serving the US market.

Kalshi generates revenue through transaction fees associated with trades on its prediction market platform. As users engage in trading, they incur fees based on transaction volume and frequency, establishing a steady stream of income as contracts representing predictions on future events are bought and sold. The structure is focused on direct transactions between Kalshi and its clients, enhancing its position as a facilitator of market insights. The company plans to use the funding from May 2026 to expand its product suite and scale its adoption among institutional clients.

## Funding rounds

- Series D, Oct 29, 2026, $1B — Sequoia Capital, Wellington Management, Balyasny Asset Management, CapitalG, Coatue, Dragoneer Investment Group, Hudson River Trading, Andreessen Horowitz, Morgan Stanley Investment Management, Sequoia Global Equities, Stripes, Tiger Global, Layer Global, Baillie Gifford
- Series G, Aug 13, 2026, $1B — Sequoia, Wellington Management, Tiger Global Management, Dragoneer Investment Group
- Series F, Jul 31, 2026, $200M — Baillie Gifford, Layer Global
- Series E, Nov 19, 2025, $821M — Institutional Venture Partners, Meritech Capital Partners, Hong Shan, Andreessen Horowitz, Anthos Capital, Y Combinator, Alpha Partners, CapitalG, Neo Ventures, Ark Invest, Paradigm
- Series D, Oct 8, 2025, $295M — Hong Shan, General Catalyst Partners, Spark Capital, Andreessen Horowitz, CapitalG, Coinbase Ventures, Paradigm
- Series C, Jun 24, 2025, $125M — Hong Shan, Multicoin Capital, Neo Ventures, Bond, Paradigm
- Series A, Dec 18, 2020, $30M — Hong Shan, SV Angel, Y Combinator, Neo Ventures

## Investors

- Hong Shan — Series A, Series C, Series D, Series E
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Series A
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Series A, Series E
- Neo Ventures — Series A, Series C, Series E
- Multicoin Capital (https://capitalatlas.ai/funds/multicoin-capital) — Series C
- Bond (https://capitalatlas.ai/funds/bond) — Series C
- Paradigm (https://capitalatlas.ai/funds/paradigm) — Series C, Series D, Series E
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series D
- Spark Capital — Series D
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series D, Series E
- CapitalG (https://capitalatlas.ai/funds/capitalg) — Series D, Series E
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Series D
- Institutional Venture Partners (https://capitalatlas.ai/funds/institutional-venture-partners) — Series E
- Meritech Capital Partners (https://capitalatlas.ai/funds/meritech-capital-partners) — Series E
- Anthos Capital (https://capitalatlas.ai/funds/anthos-capital) — Series E
- Alpha Partners (https://capitalatlas.ai/funds/alpha-partners) — Series E
- Ark Invest (https://capitalatlas.ai/funds/ark-invest) — Series E
- Baillie Gifford (https://capitalatlas.ai/funds/baillie-gifford) — Series F, Series D
- Layer Global (https://capitalatlas.ai/funds/layer-global) — Series F, Series D
- Sequoia (https://capitalatlas.ai/funds/sequoia) — Series G
- Wellington Management (https://capitalatlas.ai/funds/wellington-management) — Series G, Series D
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series G
- Dragoneer Investment Group (https://capitalatlas.ai/funds/dragoneer-investment-group) — Series G, Series D
- Sequoia Capital — Series D
- Balyasny Asset Management — Series D
- Coatue — Series D
- Hudson River Trading — Series D
- Morgan Stanley Investment Management — Series D
- Sequoia Global Equities — Series D
- Stripes (https://capitalatlas.ai/funds/stripes) — Series D
- Tiger Global — Series D