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Event Outcome Trading Platform Kalshi Secures $30 Million Through Series A Investment Round Led By Sequoia
Kalshi, a U.S.-based federal regulated exchange dedicated to trading on event outcomes, announced on Wednesday it secured $30 million through its Series A funding round, which was led by Sequoia 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.
Founded in 2018 by Tarek Mansour and Luana Lopes Lara, Kalshi states it allows people to trade on event outcomes, from whether Brexit will happen this year to whether it will rain in NYC tomorrow.