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Kalshi in talks to raise at $65 billion valuation, Bloomberg reports
Bloomberg, cited by Techmeme and in a Reuters dispatch carried by CNA, said prediction-market startup Kalshi is discussing a new round at $65 billion after a $40 billion round.
Wire reporting: (Reuters, via CNA)
Prediction-market company Kalshi is in talks to raise new capital at a $65 billion valuation, Bloomberg reported Thursday, citing people familiar with the matter, according to Techmeme and a Reuters dispatch carried by CNA1,2.
Techmeme said the talks come weeks after Kalshi closed financing that valued the company at $40 billion; CNA's Reuters copy said that round was finalized days earlier1,2.
Reuters, via CNA, said the late-October raise was expected to be the last private round before a planned initial public offering, but that Kalshi chose to seek more private capital2.
CNA's Reuters copy said Kalshi raised $1 billion in that October round, co-led by Sequoia and Wellington, as it tried to move beyond event contracts and compete more directly with traditional exchanges2.
The same dispatch said the October round came a little more than five months after a $1 billion Coatue-led round that valued Kalshi at $22 billion2.
Techmeme's Bloomberg recap said Kalshi's annual run rate recently surpassed $5 billion, a figure the CNA/Reuters item did not include1.
CNA said Kalshi could not immediately be reached for comment on the Bloomberg report2.
It is not known from these accounts who would lead a new round, how much Kalshi would raise, or whether talks will close at the $65 billion figure1,2.
Sources
How it’s being reported
2 sources
Sources: Kalshi is in talks to raise funding at a $65B valuation, weeks after closing a round at a $40B valuation; its annual run rate recently surpassed $5B (Bloomberg)
The jump from a $40 billion mark to talks at $65 billion, plus the $5 billion run-rate figure.
Aggregates a Bloomberg report that Kalshi is discussing a new raise at $65 billion after a $40 billion round and that its annual run rate recently topped $5 billion.
Leaves out Investor names and the October round size that Reuters carried.
Kalshi in talks to raise money at $65 billion valuation, Bloomberg News reports
Leads with a figure in the headline.