Coatue Management

Money Moves

Lead investor on Kalshi's $1 billion Series F

Kalshi raised another $1 billion on October 30, at a $40 billion valuation, with Sequoia and Wellington leading the round. The deal came about five months after a $1 billion raise at $22 billion, and Kalshi says it will use the capital to expand beyond prediction markets into a multi-asset platform.

Updated Oct 31

Money Moves

Holds 8.4% stake in Firmus; party to anti-dilution arrangement

Firmus pulled its $5 billion Australian listing on October 9 after investors balked at a $30.6 billion valuation for a company that has built 46 megawatts of a 912-megawatt pipeline. Nvidia is now weighing hundreds of millions of dollars in fresh support as Firmus tries to raise $2-3 billion privately.

Updated Oct 25