Key Takeaways
- • Kalshi is in talks to raise new funding at a $65 billion valuation, according to Bloomberg News.
- • The talks follow a late-October funding round that valued the prediction market at $40 billion, only weeks earlier.
- • The late-October round was co-led by Sequoia and Wellington and had been expected to be the last private round before an IPO.
- • The late-October round came just over five months after a Coatue-led round.
Summary
Kalshi is in talks to raise new funds at a $65 billion valuation, Bloomberg News reports. The proposed valuation would be $25 billion above the $40 billion mark set in a funding round the prediction market closed in late October, only weeks before the new talks.
The late-October round was co-led by Sequoia and Wellington and had been expected to be the final private round before an initial public offering. It came just over five months after a Coatue-led round. The available source text is truncated, so the size of the proposed raise and the valuation of the Coatue-led round are not confirmed in this report.
The reported talks indicate continued investor demand for Kalshi, with the valuation rising sharply in a short period. The source does not provide further detail on the terms or timing of the proposed financing.
The late-October round was co-led by Sequoia and Wellington and had been expected to be the final private round before an initial public offering. It came just over five months after a Coatue-led round. The available source text is truncated, so the size of the proposed raise and the valuation of the Coatue-led round are not confirmed in this report.
The reported talks indicate continued investor demand for Kalshi, with the valuation rising sharply in a short period. The source does not provide further detail on the terms or timing of the proposed financing.
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