ChainCatcher report, according to Fortune, Adhi Rajaprabhakaran, an early employee of Kalshi, has established a fund named 5c(c) Capital, which has already raised $35 million to invest in startup companies in the prediction market space. The fund’s partners are Adhi Rajaprabhakaran, who was the second trader hired by Kalshi’s market maker, and Noah Zingler-Sternig, former head of operations at Kalshi. Documents show that, in addition to Kalshi’s CEO Tarek Mansour and Polymarket’s CEO Shayne Coplan, early supporters of the fund include venture capital giant Marc Andreessen (through his fund Moneta Luna), Micky Malka, founder of fintech investment firm Ribbit Capital, and Kyle Samani, former managing partner at cryptocurrency venture capital firm Multicoin Capital.
Kalshi Early Employee Launches $35M Prediction Market Fund with Support from Kalshi and Polymarket CEOs
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Summary
Adhi Rajaprabhakaran, a former Kalshi employee, has launched a $35 million fund called 5c(c) Capital to support prediction market startups. The fund includes Noah Zingler-Sternig, former head of operations at Kalshi, as a partner. Early backers include Kalshi CEO Tarek Mansour, Polymarket CEO Shayne Coplan, Marc Andreessen (via Moneta Luna), and Kyle Samani. Market news highlights growing interest in this sector, with Bitcoin market updates also reflecting broader crypto trends.
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