October 10, 2025 - Deals
Kalshi Secures $300 Million Investment Led By Andreessen Horowitz And Sequoia Capital At $5 Billion Valuation
Kalshi, the fastest-growing startup in the world by revenue outside of Cursor, raised over $300 million at a $5 billion valuation, in a rare round co-led by Andreessen Horowitz and Sequoia Capital — one of the first times in history the two firms have jointly led an investment. Kalshi was co-founded by Luana Lopes Lara and Tarek Mansour. The prediction market platform, now expanding to 140+ countries, has surged to a 60% global market share and is on track for $50 billion in annualized trading volume, with backers including Paradigm, CapitalG, Coinbase Ventures, General Catalyst, Google Ventures, and many others.
INVESTORS: Andreessen Horowitz (a16z), Sequoia Capital, Paradigm, CapitalG, Coinbase Ventures, Google Ventures, General Catalyst, Spark Capital, Kevin Hart, Justin Mateen, Kevin Durant, Rich Kleiman & Mantis VC
AMOUNT: $300,000,000+
VALUATION: $5,000,000,000
HQ: #NewYork #NY #NewYorkCity #NYC
#VentureCapital #Kalshi #AndreessenHorowitz #a16z #SequoiaCapital #Paradigm #CapitalG #CoinbaseVentures #GoogleVentures #GeneralCatalyst #SparkCapital #KevinHart #KevinDurant #RichKleiman #TheChainsmokers #TradedVC