According to Fortune, two early Kalshi employees, Adhi Rajaprabhakaran and Noah Zingler-Sternig, are raising up to $35 million for their newly formed venture fund, 5c(c) Capital, focused on investing in startups in the prediction markets space. Kalshi CEO Tarek Mansour and Polymarket CEO Shayne Coplan have both invested, with other early supporters including a16z co-founder Marc Andreessen, 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, with its first close expected within the next month.
Kalshi early employees launch $35M fund for prediction market startups
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Summary
Former Kalshi employees Adhi Rajaprabhakaran and Noah Zingler-Sternig are raising up to $35 million for 5c(c) Capital, a fund focused on prediction market startups. Market news indicates that Kalshi CEO Tarek Mansour, Polymarket’s Shayne Coplan, Marc Andreessen, and Kyle Samani have already backed the fund. The fund plans to invest in 20 companies over two years, with a first close expected within a month. The announcement underscores growing interest in innovation within the prediction market space.
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