"The fund, named 5c(c) Capital, is raising up to $35 million to invest in prediction market startups, according to a pitch document seen by Fortune."
"Kalshi is raising $1 billion at a $22 billion valuation in a round led by seasoned Silicon Valley investor Coatue Management."
"Adhi knows that the next few years are critical to build out infrastructure around prediction markets, Samani said in a statement, confirming that he backed 5c(c) Capital."
Kalshi and Polymarket CEOs have set aside competition to invest in 5c(c) Capital, a new venture firm raising $35 million for prediction market startups. The fund is led by former Kalshi employees Adhi Rajaprabhakaran and Noah Zingler-Sternig. Notable backers include Marc Andreessen and Micky Malka. The prediction market sector is rapidly growing, with Kalshi raising $1 billion at a $22 billion valuation, indicating significant interest and investment in this area.
Read at Fortune
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