Tiger Global, Dragoneer in talks for Kalshi funding
In short
Tiger Global and Dragoneer are said to be talking about investing in Kalshi's new $1 billion fundraise. The round may be finished in the coming weeks and could value Kalshi at about $40 billion.
This matters because it could sharply raise Kalshi's valuation. The report does not confirm the deal, and the final terms are still unknown.
What the reporting says
Tiger Global and Dragoneer are reported to be in talks to invest in Kalshi's new $1 billion fundraise, with the round expected to be finalised in the coming weeks. The sources said the deal could value Kalshi at about $40 billion, up from a $22 billion valuation in May after a separate $1 billion fundraise. The reporting does not confirm the investors or the final terms.
Why it matters
Kalshi is reported to be discussing a new $1 billion fundraise with Tiger Global and Dragoneer, and the company could be valued at about $40 billion if the round closes. The reporting says the talks are confidential and not yet final. The immediate significance is a potential valuation jump from the $22 billion level cited after May's financing.