SEC · Financial Times · The Block
Kalshi raised $1.12 billion via private equity offering since April, latest SEC filing flags
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Prediction market platform Kalshi has raised around $1.12 billion since April, according to its latest filing.
Key facts
- In Kalshi's Form D filed Tuesday with the Securities and Exchange Commission, the company noted that $1.12 billion worth of equity has been sold out of the total offering amount of nearly $1.5 billion
- Earlier this month, Kalshi was reportedly in advanced talks with Sequoia Capital and Wellington Management for a new $750 million round at a $40 billion valuation
- The $1.12 billion may include Kalshi's $1 billion Series F round led by Coatue that was disclosed
- Prediction market platform Kalshi has raised around $1.12 billion since April, according to its latest filing
Summary
In Kalshi's Form D filed Tuesday with the Securities and Exchange Commission, the company noted that $1.12 billion worth of equity has been sold out of the total offering amount of nearly $1.5 billion. The $1.12 billion may include Kalshi's $1 billion Series F round led by Coatue that was disclosed in May. Since then, there have been subsequent reports of Kalshi seeking a fresh round of capital at a valuation of $40 billion. The Financial Times reported in June that the prediction market platform could close the new funding round as early as the third quarter of this year.