Funding round
Kalshi Series F
Kalshi, which works in event contract trading services in New York, raised $1.00B in a Series F round announced on 7 May 2026, led by Coatue, at a $22.00B post-money valuation. 7 firms took part. It is Kalshi's fifth venture round on record; the one before was a Series E in Dec 2025.
$1.00B
Amount raised
$22.00B
Post-money valuation
$21.00B pre-money
7
Investors
1 lead
2.0x
Step-up from the Series E
$11.00B in Dec 2025
4.5%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Kalshi at $22.00B after the new money, 2.0 times the $11.00B of its Series E (Dec 2025). The $1.00B bought investors about 4.5% of the company. It came 5 months after Kalshi's Series E. It is 40% of the $2.52B Kalshi has raised in the venture rounds on record. No later venture round is on record for Kalshi.
Kalshi's funding rounds
Kalshi has 5 venture rounds on record. This one is highlighted.
- Series A 17 Feb 2021, led by Sequoia Capital $30M
- Series C 25 Jun 2025, led by Paradigm $185M$2.00B post-money
- Series D 10 Oct 2025, led by Andreessen Horowitz and Sequoia Capital $300M$5.00B post-money
- Series E 2 Dec 2025, led by Paradigm $1.00B$11.00B post-money
- Series F this round 7 May 2026, led by Coatue $1.00B$22.00B post-money
Investors
Who put money in
Coatue led the round with 6 other firms.
Lead investor
- Coatue backs 229 venture-backed companies new investor
Also in the round
- Sequoia Capital backs 589 venture-backed companies new investor
- Andreessen Horowitz (a16z crypto) new investor
- Institutional Venture Partners backs 109 venture-backed companies new investor
- Paradigm backs 82 venture-backed companies new investor
- Morgan Stanley backs 120 venture-backed companies new investor
- ARK Invest backs 29 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Stord Warehousing & Storage | 26 May 2026 | $250M | $3.00B | Kleiner Perkins |
| Tomorrow.io Tech Companies | 18 May 2026 | $35M | not disclosed | not named |
| Baseten Software Development Services | 22 Jun 2026 | $1.50B | $13.00B | Altimeter and Conviction |
| VAST Data Software Development Services | 22 Apr 2026 | $1.00B | $30.00B | Drive Capital and Access Industries |
| ICEYE Aerospace and Defence | 9 Jun 2026 | $520M | $11.55B | General Atlantic |
| Supabase Tech Companies | 4 Jun 2026 | $500M | $10.50B | GIC |
| Skydio Aircraft Parts & Services | 23 Apr 2026 | $110M | $4.40B | not named |
| Medical Supply Manufacturers | 7 Apr 2026 | $50M | $321M | Novo Holdings |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Kalshi raise in its Series F round?
Kalshi raised $1.00B in its Series F round, announced in May 2026.
Who led Kalshi's Series F round?
Coatue led it, with Sequoia Capital, Andreessen Horowitz (a16z crypto), Institutional Venture Partners, Paradigm and Morgan Stanley and 1 more.
What was Kalshi's valuation at the Series F round?
$22.00B post-money ($21.00B pre-money).