Kalshi in talks with Sequoia, Wellington for $750 million fund raise at $40 billion valuation

FinanceKalshi in talks with Sequoia, Wellington for $750 million fund raise at $40 billion valuationThe prediction-market platform raised $1 billion at a $22 billion valuation in May and is now discussing a new round that could nearly double that figure.By Olivier Acuna|Edited by Cheyenne Ligon44 min ago2 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowKalshi is in advanced talks with Sequoia Capital and Wellington Management to raise at least $750 million at a $40 billion valuation, according to people familiar with the matter.The round would deepen Sequoia’s existing stake and mark Wellington’s first investment in Kalshi, as the prediction market platform eyes a potential IPO in 2027.Kalshi, which raised $1 billion at a $22 billion valuation in May, now generates about $4 billion in annualized revenue—driven largely by sports contracts—and claims 95 percent of the U.S. prediction market by revenue.Prediction market giant Kalshi is in advanced discussions with Sequoia Capital and Wellington Management for a new $750 million funding round at a $40 billion valuation, The Information reported, citing people familiar with the matter.Sequoia, which is already an existing investor in Kalshi, and Wellington are considering leading the investment round, the sources said, adding that the funding amount could be greater than $750 million. The Silicon Valley-based Sequoia, which has $56 billion in assets under management, already has an executive on Kalshi’s board of directors.For Wellington, a Boston-based financial giant with $1.3 trillion in client assets under management (AUM), this funding round would be its first investment in Kalshi. Wellington has made private investments in companies leading up to their initial public offerings (IPO). Kalshi is considering an IPO in 2027, its CEO Tarek Mansour said in June.Kalshi, which raised $1 billion in May at a $22 billion valuation, is now the numbe…

Kalshi in talks with Sequoia, Wellington for $750 million fund raise at $40 billion valuation

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