Kalshi in advanced talks to raise new funding at $40B valuation: Reuters
Summary
Kalshi is reportedly in advanced talks to raise about $1 billion in a new funding round at a $40 billion valuation. Sequoia Capital and Wellington Management are said to be leading the round, with possible participation from Tiger Global and Dragoneer. This would follow Kalshi’s $1 billion Series F in May, when it was valued at $22 billion, up from December. Reports of a possible $40 billion valuation first surfaced in June.
