Kalshi has raised a total of $221 million across multiple funding rounds, achieving a $2 billion valuation in June 2025 following a $185 million Series C led by Paradigm. Founded in 2019 and headquartered in New York City, the platform offers event outcome-based betting services, allowing users to speculate on event results through regulated event contracts. With a team of 20 employees, Kalshi leverages technology to enable intellectual commerce and provide new financial instruments, while maintaining regulatory compliance under the Commodity Futures Trading Commission.
Keep reading to explore Kalshi’s funding journey, key investors, and what’s next for this innovative investment platform.
What Is Kalshi and What Does It Do?
Founded in 2019, Kalshi is headquartered in New York City, United States. The platform enables users to engage in event outcome-based trading, providing contracts on events governed by the Commodity Futures Trading Commission.
Available on Android and iOS, Kalshi offers a first-of-its-kind regulated exchange where users can profit from their viewpoints and participate in intellectual commerce. With a technology-driven approach, the company delivers a unique asset type that combines elements of investment, speculation, and financial innovation.
How Much Funding Has Kalshi Raised?
- Series B
- Amount Raised: $36M
- Date: March 2023
- Lead Investors: Bond Capital
- Motivation: To scale technology and expand trading offerings.
- Series C
- Amount Raised: $185M
- Date: June 25, 2025
- Lead Investors: Paradigm
- Motivation: To achieve unicorn status, expand the platform, and scale operations.
Total Funding Raised: $221M
Latest Funding Date: June 25, 2025
Key Investors
- Paradigm
- Details: Venture capital firm specializing in technology and cryptocurrency investments.
- Investment Focus Areas: Technology, fintech, crypto, regulated marketplaces
- Notable Investments: Uniswap, OpenSea, Filecoin
- Bond Capital
- Details: Early-stage venture fund focusing on tech-driven startups.
- Investment Focus Areas: Investment tech, fintech, marketplaces
- SV Angel
- Details: Seed-stage venture capital firm investing in technology startups.
- Investment Focus Areas: Early-stage technology companies, fintech
- Notable Investments: Twitter, Airbnb, Stripe
Where Is Kalshi’s Headquarters?
Kalshi is headquartered in New York City, United States, providing access to key financial markets, regulatory authorities, and technology talent to support its innovative platform for event-based trading.
What’s Next for Kalshi?
Kalshi plans to expand its event outcome-based trading platform, introducing more contracts and increasing adoption across the U.S. and international markets. The company aims to enhance technology and regulatory compliance while leveraging unicorn status and investor backing to drive growth, operational efficiency, and user engagement in this emerging investment category.
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