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Kalshi Raises Additional $200 Million at $2.2 Billion Valuation

Bloomberg reported the funding from Baillie Gifford and Layer Global expands Kalshi’s earlier $1 billion Series F led by Coatue Management.

Summary

Kalshi secured an additional $200 million from Baillie Gifford and Layer Global at a $2.2 billion valuation, according to Bloomberg. The report said the new capital expands the company’s earlier $1 billion Series F financing led by Coatue Management. Kalshi also posted more than $14 billion in April trading volume and over $1.5 billion in annualized revenue, indicating strong activity on its event-contract marketplace.

Terms & Concepts
  • Series F: A late-stage private funding round used by growth companies to raise capital from institutional investors.
  • Trading volume: The total value of contracts or assets traded over a set period, often used to measure market activity and liquidity.
  • Annualized revenue: A revenue run rate that projects current earnings over a full year based on recent performance.