Kalshi and Polymarket CEOs back $35M prediction-markets VC fund
Mar 24th 2026 ยท United States
5(c) Capital, launched by former Kalshi staffers, is raising $35 million to back startups building prediction market infrastructure. Investors reportedly include Kalshi CEO Tarek Mansour, Polymarket CEO Shayne Coplan, Marc Andreessen and Micky Malka.
- 5(c) Capital is raising $35 million for its first fund and is led by Adhi Rajaprabhakaran and Noah Zingler-Sternig.
- Kalshi confirmed CEO Tarek Mansour is investing, and reports say Polymarket CEO Shayne Coplan is also an investor though Polymarket did not comment.
- The fund plans to invest in about 20 companies focused on prediction market infrastructure, including market makers and index designers.
- Notable backers reportedly include Marc Andreessen via Moneta Luna and Ribbit Capital founder Micky Malka.
- Kalshi is separately raising $1 billion at a $22 billion valuation while Polymarket is in talks for a round that could value it at about $20 billion.
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