Kalshi Raises $30M Series A Funding Round
Summary
SAN FRANCISCO, CA, Kalshi, the first federally regulated exchange dedicated to trading on event outcomes, has raised $30 million in Series A funding. The round was led by Sequoia Capital with participation from Charles Schwab, chairman of Charles Schwab Corporation, Henry Kravis, co-chairman & co-CEO of KKR, SV Angel and previous investors including Neo and YC Continuity. The announcement comes on the heels of the Commodity Futures Trading Commission (CFTC) approving Kalshi as a Designated Contract Market (DCM) in November, making it one of just 16 DCMs in the U.S. Founded by Tarek Mansour and Luana Lopes Lara, Kalshi is the first CFTC regulated exchange dedicated to trading directly on the outcomes of future events. The company is backed by a number of Silicon Valley and Wall Street-based investors including Sequoia, Charles Schwab, Henry Kravis, Neo, Y Combinator, SV Angel and Global Founders Capital.