Kalshi valuation, funding and investors
Kalshi works in event contract trading services, based in New York, United States. Founded in 2018, it has about 583 employees.
- Last round
- Series F · $1.00B · May 2026
- Valuation at last round
- $22.00B
- Headcount
- 583 · growing
- Grade
- A
- Founded
- 2018
Kalshi valuation today
VCMC values Kalshi at $25.2B today, with a range of $19.1B to $34.0B and a grade of A. The valuation starts from its last funding round, a Series F round in May 2026.
Valuation by date (112 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2018 | $11.5M | $4.18M – $31.5M | $15.7M (+37%) | before first round | – | unknown | D | 0% |
| 1 Feb 2018 | $11.8M | $4.29M – $32.4M | $16.2M (+37%) | before first round | – | unknown | D | 0% |
| 1 Mar 2018 | $12.1M | $4.40M – $33.2M | $16.6M (+37%) | before first round | – | unknown | D | 0% |
| 1 Apr 2018 | $12.4M | $4.52M – $34.1M | $17.0M (+37%) | before first round | – | unknown | D | 0% |
| 1 May 2018 | $12.7M | $4.64M – $35.0M | $17.5M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jun 2018 | $13.1M | $4.76M – $35.9M | $17.9M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jul 2018 | $13.4M | $4.89M – $36.9M | $18.4M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2018 | $13.8M | $5.02M – $37.9M | $18.6M (+35%) | before first round | – | unknown | D | 0% |
| 1 Sep 2018 | $14.2M | $5.15M – $38.9M | $18.8M (+32%) | before first round | – | unknown | D | 0% |
| 1 Oct 2018 | $14.5M | $5.29M – $39.9M | $18.9M (+30%) | before first round | – | unknown | D | 0% |
| 1 Nov 2018 | $14.9M | $5.43M – $41.0M | $19.1M (+28%) | before first round | – | unknown | D | 0% |
| 1 Dec 2018 | $15.3M | $5.58M – $42.1M | $19.3M (+26%) | before first round | – | unknown | D | 0% |
| 1 Jan 2019 | $15.7M | $5.73M – $43.2M | $19.4M (+24%) | before first round | – | unknown | D | 0% |
| 1 Feb 2019 | $16.2M | $5.88M – $44.4M | $19.6M (+21%) | before first round | – | unknown | D | 0% |
| 1 Mar 2019 | $16.6M | $6.03M – $45.5M | $19.8M (+19%) | before first round | – | unknown | D | 0% |
| 1 Apr 2019 | $17.0M | $6.19M – $46.7M | $20.0M (+17%) | before first round | – | unknown | D | 0% |
| 1 May 2019 | $17.5M | $6.35M – $47.9M | $20.1M (+15%) | before first round | – | unknown | D | 0% |
| 1 Jun 2019 | $17.9M | $6.53M – $49.3M | $20.3M (+13%) | before first round | – | unknown | D | 0% |
| 1 Jul 2019 | $18.4M | $6.70M – $50.5M | $20.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2019 | $18.6M | $6.77M – $51.1M | $20.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2019 | $18.8M | $6.83M – $51.5M | $20.9M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2019 | $18.9M | $6.89M – $52.0M | $21.1M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2019 | $19.1M | $6.95M – $52.5M | $21.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2019 | $19.3M | $7.01M – $52.9M | $21.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2020 | $19.4M | $7.08M – $53.4M | $21.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2020 | $19.6M | $7.14M – $53.9M | $21.9M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2020 | $19.8M | $7.21M – $54.4M | $22.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2020 | $20.0M | $7.27M – $54.9M | $22.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2020 | $20.2M | $7.34M – $55.4M | $22.4M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2020 | $20.3M | $7.40M – $55.9M | $22.6M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jul 2020 | $20.5M | $7.47M – $56.4M | $22.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2020 | $20.7M | $7.54M – $56.9M | $23.1M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2020 | $20.9M | $7.61M – $57.4M | $23.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2020 | $21.1M | $7.67M – $57.9M | $23.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2020 | $21.3M | $7.75M – $58.4M | $23.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2020 | $21.5M | $7.81M – $59.0M | $23.9M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2021 | $20.4M | $7.42M – $56.0M | $22.7M (+11%) | before first round | 11 | unknown | D | 0% |
| 1 Feb 2021 | $20.6M | $7.49M – $56.5M | $22.9M (+11%) | before first round | 11 | unknown | D | 0% |
| 18 Feb 2021 | $167M | $110M – $457M | $300M (+80%) | after a round | 11 | unknown | C | 0% |
| 1 Mar 2021 | $170M | $110M – $457M | $300M (+77%) | after a round | 11 | unknown | C | 0% |
| 1 Apr 2021 | $179M | $110M – $457M | $300M (+68%) | after a round | 11 | flat | C | 0% |
| 1 May 2021 | $187M | $110M – $457M | $300M (+60%) | after a round | 11 | flat | C | 0% |
| 1 Jun 2021 | $197M | $110M – $457M | $300M (+52%) | after a round | 11 | flat | C | 0% |
| 1 Jul 2021 | $207M | $110M – $457M | $300M (+45%) | after a round | 11 | flat | C | 0% |
| 1 Aug 2021 | $217M | $110M – $457M | $300M (+38%) | after a round | 11 | flat | C | 0% |
| 1 Sep 2021 | $228M | $110M – $457M | $300M (+31%) | after a round | 11 | flat | C | 0% |
| 1 Oct 2021 | $240M | $110M – $457M | $300M (+25%) | after a round | 11 | flat | C | 0% |
| 1 Nov 2021 | $252M | $110M – $457M | $300M (+19%) | after a round | 11 | flat | C | 0% |
| 1 Dec 2021 | $265M | $110M – $457M | $300M (+13%) | after a round | 11 | flat | C | 0% |
| 1 Jan 2022 | $278M | $110M – $457M | $300M (+8%) | after a round | 11 | flat | C | 0% |
| 1 Feb 2022 | $366M | $139M – $577M | $379M (+4%) | after a round | 32 | growing | C | 0% |
| 1 Mar 2022 | $379M | $139M – $577M | $379M (0%) | after a round | 32 | growing | C | 0% |
| 1 Apr 2022 | $379M | $141M – $577M | $379M (0%) | after a round | 32 | growing | C | 0% |
| 1 May 2022 | $379M | $143M – $577M | $379M (0%) | after a round | 32 | growing | C | 0% |
| 1 Jun 2022 | $379M | $145M – $577M | $379M (0%) | after a round | 32 | growing | C | 0% |
| 1 Jul 2022 | $379M | $147M – $577M | $379M (0%) | after a round | 32 | growing | C | 0% |
| 1 Aug 2022 | $379M | $149M – $577M | $379M (0%) | after a round | 32 | growing | C | 0% |
| 1 Sep 2022 | $379M | $152M – $577M | $379M (0%) | after a round | 32 | growing | C | 0% |
| 1 Oct 2022 | $379M | $154M – $577M | $379M (0%) | after a round | 32 | growing | C | 0% |
| 1 Nov 2022 | $379M | $90.8M – $577M | $379M (0%) | after a round | 32 | unknown | C | 0% |
| 1 Dec 2022 | $379M | $86.5M – $577M | $379M (0%) | after a round | 32 | unknown | C | 0% |
| 1 Jan 2023 | $420M | $178M – $640M | $420M (0%) | after a round | 51 | growing | C | 0% |
| 1 Feb 2023 | $420M | $180M – $640M | $420M (0%) | after a round | 51 | growing | C | 0% |
| 1 Mar 2023 | $420M | $157M – $640M | $420M (0%) | after a round | 51 | growing | C | 0% |
| 1 Apr 2023 | $420M | $157M – $640M | $420M (0%) | after a round | 51 | growing | C | 0% |
| 1 May 2023 | $420M | $157M – $640M | $420M (0%) | after a round | 51 | growing | C | 0% |
| 1 Jun 2023 | $420M | $158M – $640M | $420M (0%) | after a round | 51 | growing | C | 0% |
| 1 Jul 2023 | $420M | $158M – $640M | $420M (0%) | after a round | 51 | growing | C | 0% |
| 1 Aug 2023 | $420M | $158M – $640M | $420M (0%) | after a round | 51 | growing | C | 0% |
| 1 Sep 2023 | $420M | $61.1M – $640M | $420M (0%) | after a round | 51 | unknown | D | 0% |
| 1 Oct 2023 | $229M | $56.8M – $581M | $170M (-26%) | after a round | 46 | down | D | 52% |
| 1 Nov 2023 | $225M | $54.0M – $589M | $166M (-26%) | after a round | 46 | down | D | 52% |
| 1 Dec 2023 | $222M | $51.4M – $595M | $162M (-27%) | after a round | 46 | down | D | 52% |
| 1 Jan 2024 | $219M | $48.9M – $603M | $158M (-28%) | after a round | 46 | down | D | 52% |
| 1 Feb 2024 | $216M | $46.4M – $610M | $155M (-28%) | after a round | 46 | down | D | 52% |
| 1 Mar 2024 | $215M | $44.7M – $547M | $167M (-22%) | after a round | 48 | flat | D | 47% |
| 1 Apr 2024 | $221M | $42.5M – $548M | $174M (-21%) | after a round | 48 | flat | D | 44% |
| 1 May 2024 | $228M | $40.4M – $549M | $181M (-21%) | after a round | 48 | flat | D | 40% |
| 1 Jun 2024 | $234M | $38.4M – $550M | $188M (-20%) | after a round | 48 | flat | D | 37% |
| 1 Jul 2024 | $247M | $37.5M – $566M | $202M (-18%) | after a round | 54 | flat | D | 34% |
| 1 Aug 2024 | $258M | $45.0M – $578M | $220M (-15%) | after a round | 55 | up | D | 31% |
| 1 Sep 2024 | $265M | $43.4M – $580M | $228M (-14%) | after a round | 55 | up | D | 29% |
| 1 Oct 2024 | $271M | $41.9M – $582M | $236M (-13%) | after a round | 55 | up | D | 26% |
| 1 Nov 2024 | $292M | $90.5M – $613M | $263M (-10%) | after a round | 63 | growing | C | 24% |
| 1 Dec 2024 | $299M | $90.6M – $616M | $272M (-9%) | after a round | 63 | growing | C | 22% |
| 1 Jan 2025 | $403M | $119M – $816M | $371M (-8%) | after a round | 220 | growing | C | 21% |
| 1 Feb 2025 | $412M | $119M – $819M | $384M (-7%) | after a round | 220 | growing | C | 19% |
| 1 Mar 2025 | $423M | $120M – $837M | $397M (-6%) | after a round | 220 | growing | C | 17% |
| 1 Apr 2025 | $431M | $120M – $840M | $409M (-5%) | after a round | 220 | growing | C | 16% |
| 1 May 2025 | $439M | $120M – $842M | $421M (-4%) | after a round | 220 | growing | C | 15% |
| 1 Jun 2025 | $447M | $119M – $845M | $432M (-3%) | after a round | 220 | growing | C | 14% |
| 26 Jun 2025 | $2.0B | $1.7B – $3.0B | $2.6B (+30%) | after a round | 220 | growing | A | 0% |
| 1 Jul 2025 | $2.0B | $1.7B – $3.0B | $2.6B (+29%) | after a round | 249 | growing | A | 0% |
| 1 Aug 2025 | $2.1B | $1.7B – $3.0B | $2.6B (+27%) | after a round | 249 | growing | A | 0% |
| 1 Sep 2025 | $2.1B | $1.7B – $3.0B | $2.6B (+24%) | after a round | 251 | growing | A | 0% |
| 1 Oct 2025 | $2.1B | $1.7B – $3.0B | $2.6B (+21%) | after a round | 251 | growing | A | 0% |
| 11 Oct 2025 | $5.0B | $4.3B – $7.5B | $6.5B (+30%) | after a round | 251 | growing | A | 0% |
| 1 Nov 2025 | $5.1B | $4.3B – $7.5B | $6.5B (+28%) | after a round | 307 | growing | A | 0% |
| 1 Dec 2025 | $5.2B | $4.3B – $7.5B | $6.5B (+25%) | after a round | 307 | growing | A | 0% |
| 3 Dec 2025 | $11.0B | $9.6B – $16.4B | $14.3B (+30%) | after a round | 307 | growing | A | 0% |
| 1 Jan 2026 | $11.2B | $9.6B – $16.4B | $14.3B (+27%) | after a round | 436 | growing | A | 0% |
| 1 Feb 2026 | $11.5B | $9.6B – $16.4B | $14.3B (+24%) | after a round | 436 | growing | A | 0% |
| 1 Mar 2026 | $11.7B | $9.6B – $16.4B | $14.3B (+22%) | after a round | 436 | growing | A | 0% |
| 1 Apr 2026 | $12.0B | $9.6B – $16.4B | $14.3B (+19%) | after a round | 436 | growing | A | 0% |
| 1 May 2026 | $12.4B | $9.6B – $17.0B | $14.7B (+19%) | after a round | 501 | growing | A | 0% |
| 8 May 2026 | $22.0B | $19.1B – $32.9B | $28.6B (+30%) | after a round | 501 | growing | A | 0% |
| 1 Jun 2026 | $22.4B | $19.1B – $32.9B | $28.6B (+28%) | after a round | 501 | growing | A | 0% |
| 1 Jul 2026 | $22.9B | $19.1B – $32.9B | $28.6B (+25%) | after a round | 501 | growing | A | 0% |
| 1 Aug 2026 | $23.5B | $19.1B – $33.4B | $29.1B (+24%) | after a round | 538 | growing | A | 0% |
| 1 Sep 2026 | $24.0B | $19.1B – $33.4B | $29.1B (+21%) | after a round | 538 | growing | A | 0% |
| 1 Oct 2026 | $24.8B | $19.1B – $34.0B | $29.6B (+19%) | after a round | 583 | growing | A | 0% |
| 24 Oct 2026 | $25.2B | $19.1B – $34.0B | $29.6B (+17%) | after a round | 583 | growing | A | 0% |
Key facts about Kalshi
- Founded
- 2018
- Headquarters
- New York, United States
- Employees
- about 583 +132% in a year
- Total raised
- $2.52B
- Funding rounds
- 5
- Last round
- Series F May 2026
Kalshi was founded in 2018 by Luana Lopes Lara and Tarek Mansour.
Kalshi funding history
Kalshi has 5 funding rounds on record, from Feb 2021 to May 2026, $2.52B in total. The latest disclosed valuation is $22.00B post-money (Series F, May 2026).
Series F 7 May 2026
Led by Coatue; with Sequoia Capital, Andreessen Horowitz (a16z crypto), Institutional Venture Partners, Paradigm, Morgan Stanley, ARK Invest.
Sources: news.kalshi.com, businesswire.com, finance.yahoo.com and 1 more
$1.00B
$22.00B post-money
Series E 2 Dec 2025
Led by Paradigm; with Sequoia Capital, Andreessen Horowitz, Meritech Capital, Institutional Venture Partners, ARK Invest, Anthos Capital, CapitalG, Y Combinator.
Sources: news.kalshi.com, techcrunch.com, fintechnews.ch and 2 more
$1.00B
$11.00B post-money
Series D 10 Oct 2025
Led by Andreessen Horowitz, Sequoia Capital; with Paradigm, Coinbase Ventures, General Catalyst, Spark Capital, CapitalG.
Sources: news.kalshi.com, news.bettingstartups.com
$300M
$5.00B post-money
Series C 25 Jun 2025
Led by Paradigm; with Neo, Bond Capital, Multicoin Capital, Sequoia Capital, Y Combinator.
Sources: news.kalshi.com, techcrunch.com, casino.org and 2 more
$185M
$2.00B post-money
Series A 17 Feb 2021
Led by Sequoia Capital; with Charles Schwab, KKR, SV Angel, Neo, YC Continuity.
Sources: news.kalshi.com, neo.substack.com, pymnts.com
$30M
Kalshi investors
22 investors have backed Kalshi; Sequoia Capital, Paradigm and Andreessen Horowitz and 1 more led at least one round.
- Sequoia Capital lead, 5 rounds
- Paradigm lead, 4 rounds
- Andreessen Horowitz lead, 2 rounds
- Coatue lead
- ARK Invest 2 rounds
- CapitalG 2 rounds
- Institutional Venture Partners 2 rounds
- Neo 2 rounds
- Y Combinator 2 rounds
- Andreessen Horowitz (a16z crypto)
- Bond Capital
- Charles Schwab
- Coinbase Ventures
- General Catalyst
- KKR
- Meritech Capital
- Morgan Stanley
- Spark Capital
- SV Angel
- YC Continuity
What Kalshi does
Kalshi works in financial services, with 13 recorded offerings and customers in financial services.
Kalshi Inc. is an American financial services company that operates as a regulated exchange and prediction market. The company provides a platform for trading event contracts, enabling users to bet on the outcomes of various events such as economic indicators, weather, scientific advancements, and political and legislative developments. Kalshi also offers legal election trading and supports a community of developers through its API. The company is CFTC-regulated and serves both retail and institutional investors.
Description from Veridion's company data.
Products and services
- Event Contract Trading Services
- Prediction Market Platform Development
- Financial Event Derivatives Trading
- Economic Event Contract Trading
- Political and Legislative Event Contract Trading
- Cultural and Entertainment Event Contract Trading
- Scientific and Technological Event Contract Trading
- Weather and Environmental Event Contract Trading
- Commodities and Financial Asset Contract Trading
- Regulated Financial Exchange Services
- API Integration Services for Trading Platforms
- Community Engagement Services for Developers
- Legal Election Trading Services
Markets
- Financial Services
Certifications
- CFTC certified
Business model
- Business-to-Business
- Business-to-Consumer
- Marketplace
Industry codes (NAICS)
- 523210 Securities and Commodity Exchanges 100% match
Questions about Kalshi
What is Kalshi worth?
Valuation $25.2B (range $19.1B to $34.0B), as of 24 Oct 2026. The last disclosed valuation was $22.00B (Series F, May 2026).
Has Kalshi raised money?
Kalshi has 5 funding rounds on record, from Feb 2021 to May 2026, $2.52B in total. The latest disclosed valuation is $22.00B post-money (Series F, May 2026).
Who has invested in Kalshi?
Sequoia Capital, Paradigm, Andreessen Horowitz, Coatue, ARK Invest and CapitalG, and 16 more. Lead investors include Sequoia Capital, Paradigm, Andreessen Horowitz and Coatue.
How many people work at Kalshi?
About 583, up 132% over the last year. Headcount grew from 11 in Jan 2021 to 583 in Sep 2026.
What does Kalshi do?
Kalshi works in financial services, with 13 recorded offerings and customers in financial services. Its main offerings are event contract trading services, prediction market platform development and financial event derivatives trading.
When was Kalshi founded, and where is it based?
Kalshi was founded in 2018 and is based in New York, United States. It has about 583 employees, up 132% over the last year.