US · betting · cryptocurrency · finance

Who invested in Kalshi

9 rounds we have observed, with the investors named in each. Every figure below came from a named source, and where the company reported the raise to the SEC itself, that is shown beside it.

9
rounds observed
24
investors named
$5.0B
reported across those rounds
May 2026
most recent

The rounds

Undisclosed round · May 2026 · $200M

Baillie Gifford lead, Layer Global lead

Reported by Ventureburn · SEC filing: $1.1B sold under the offering

Series F · May 2026 · $1.0B

Coatue lead, Andreessen Horowitz, Sequoia, Sequoia Capital, IVP, Paradigm, ARK Invest, Morgan Stanley

Reported by TechCrunch and 1 other · SEC filing: $1.1B sold under the offering

Undisclosed round · Mar 2026 · $1.0B

Coatue Management lead

Reported by AlleyWatch · SEC filing: $821M sold under the offering, first sale Nov 2025

Series E · Dec 2025 · $1.0B

Paradigm lead, Andreessen Horowitz, Y Combinator, Sequoia, Sequoia Capital, CapitalG, IVP, Meritech Capital, Meritech Capital Partners, Neo, ARK Invest, Anthos Capital, Capital G

Reported by Crunchbase News and 5 others · SEC filing: $821M sold under the offering, first sale Nov 2025

Growth · Nov 2025 · $1.0B

Sequoia lead, CapitalG lead, Andreessen Horowitz, Neo, Paradigm, Anthos Capital

Reported by TechCrunch · SEC filing: $821M sold under the offering, first sale Nov 2025

Series D · Oct 2025 · $300M

Andreessen Horowitz, General Catalyst, Sequoia Capital, Spark Capital, CapitalG, Coinbase Ventures, Paradigm

Reported by AlleyWatch · SEC filing: $125M sold under the offering, first sale Jun 2025

Series D · Oct 2025 · $300M

Andreessen Horowitz lead, Sequoia Capital lead, CapitalG, Coinbase Ventures, Paradigm Ventures

Reported by TechCrunch and 2 others · SEC filing: $295M sold under the offering, first sale Oct 2025

Series C · Jun 2025 · $185M

Paradigm lead, Sequoia Capital, Neo, Bond Capital, Multicoin Capital, Multicoin, Peng Zhao

Reported by TechCrunch and 3 others · SEC filing: $295M sold under the offering, first sale Oct 2025

Debt · Oct 2024 · tens of millions

Neo, Ali Partovi

Reported by TechCrunch

Everyone who backed them

InvestorTypeRounds
VC firm5
Corporate VC4
Accelerator4
Company2
VC firm2
Corporate VC2
VC firm2
VC firm1
Asset manager1
Investment firm1
Family office1
Investment firm1
Investment firm1
Accelerator1

Missing a round, or an investor who was in one? Tell us.