SEC filing shows Kalshi raised $1.12 billion since April

Kalshi raised $1.12 billion through an equity offering since April, according to its latest Form D filing with the SEC. The filing records nearly $1.5 billion as the total offering amount. About $380 million remains available under the same notice. The $1.12 billion may include Kalshi's $1 billion Series F round. Coatue led the Series F round. The round valued Kalshi at $22 billion. Sequoia Capital participated in the round. Andreessen Horowitz participated in the round. IVP participated in the round. Paradigm participated in the round. Morgan Stanley participated in the round. Ark Invest participated in the round. Kalshi has reportedly sought additional capital at a $40 billion valuation. The Financial Times reported in June that Kalshi could close the new funding round as early as the third quarter of this year. The Information reported earlier this month that Kalshi was in advanced talks with Sequoia Capital and Wellington Management for a new $750 million round at a $40 billion valuation. Kalshi reported $40 billion in trading volume in July. Polymarket and Polymarket US recorded a combined $12.9 billion in monthly volume during the same period.