5(c) Capital Raises $35 Million From Notable Investors For Prediction Markets Fund

5(c) Capital is raising $35 million for its inaugural fund, focusing on prediction markets. Founded by former Kalshi employees, this venture firm specializes in making investments in various companies within the prediction markets ecosystem.

Summary of transaction details:

• Deal Type: Investment
• Transaction Amount: $35,000,000
• Founders: Adhi Rajaprabhakaran, Noah Zingler-Sternig
• Notable Investors: Tarek Mansour, Shayne Coplan, Marc Andreessen, Micky Malka

The firm is led by Adhi Rajaprabhakaran, a former trader at Kalshi, and Noah Zingler-Sternig, who previously held the position of head of operations at Kalshi. 5(c) Capital aims to invest in approximately 20 companies, focusing on crucial areas like market makers and index designers within the prediction markets framework.