Kalshi has raised $1 billion in a funding round that values the company at $22 billion. The round was led by Coatue, with participation from Morgan Stanley, Sequoia, and a16z. CEO and co-founder Tarek Mansour announced the raise on X on May 7.
A $22 billion valuation
The new valuation more than doubles the company's previous worth, though Mansour's post did not specify how the funds would be used. The $1 billion infusion marks one of the largest private fundraising rounds this year. It also positions Kalshi among the most highly valued startups in the financial technology space.
Who invested
Coatue, the tech-focused investment firm, led the round. Morgan Stanley, one of the biggest names on Wall Street, participated alongside venture capital heavyweights Sequoia and a16z. The mix of traditional finance and Silicon Valley backers signals broad confidence in Kalshi's business model.
The announcement
Mansour took to X on May 7 to break the news. His post included the key figures but offered few additional details. The company has not issued a formal press release or held a public briefing. That's left analysts and competitors guessing about Kalshi's next moves.
Mansour did not elaborate on how the $1 billion would be deployed in his X post. The company's plans for the capital remain unclear. For now, the market is watching to see whether Kalshi will expand into new products or double down on its core offering.
