PANews, March 23: According to Fortune, early employees of the prediction market platform Kalshi are launching a venture capital fund named 5c(c) Capital, aiming to raise up to $35 million to focus exclusively on the prediction market sector. The fund’s partners are Adhi Rajaprabhakaran, an early trader at a former Kalshi-affiliated market maker, and Noah Zingler-Sternig, former head of operations at Kalshi. Confirmed investors include Kalshi CEO Tarek Mansour, Polymarket CEO Shayne Coplan, Marc Andreessen (via Moneta Luna), Ribbit Capital founder Micky Malka, and former Multicoin Capital managing partner Kyle Samani. The fund plans to invest in approximately 20 companies over the next two years, targeting infrastructure areas such as prediction market market makers and index design.
Kalshi early employees launch $35M fund for prediction market infrastructure
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Summary
Market news broke Tuesday that early Kalshi employees are raising up to $35 million for a new fund called 5c(c) Capital, focused on prediction market infrastructure. Partners include former Kalshi market maker Adhi Rajaprabhakaran and former operations head Noah Zingler-Sternig. Confirmed backers in the Bitcoin market news include Kalshi CEO Tarek Mansour, Polymarket CEO Shayne Coplan, and Marc Andreessen. The fund plans to invest in 20 companies over two years, targeting market makers and index designers.
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