💰The Funding Letter #1702: June 27

Kalshi, Clearspeed, Mandolin, and more...

June 27, 2025

Happy Friday! This exclusive edition of The Funding Letter comes to you from our headquarters in New York City. Have a nice weekend!

Hit the Gong 🎉

Source: @sales_bant_er

Daily Deals 💸

🌎 Americas

Clearspeed develops a voice analytics system to quickly and accurately assess risk in speech, enabling organizations from insurance, banking, government, and many other sectors around the globe with rapid assessment, reduced fraud, increased efficiency, and an improved customer experience. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $60M, Series D

Round Investors: Align Private Capital (lead), IronGate Capital Advisors, KBW Ventures, Bravo Victor Venture Capital

🚀Growth Focus: Expand operations globally and deepen its technology capabilities.

HQ: San Diego, CA

Industry: Software Development

Employee Count: 72

Kalshi has developed an online financial platform to facilitate trading based on event outcomes, allowing users to capitalize on their opinions and trade in the domain of everyday knowledge. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $185M, Series C

Round Investors: Paradigm (lead), Peng Zhao, Sequoia Capital, Neo

🚀Growth Focus: Expand its technical team, increase brokerage integrations, and innovate market structures to attract wider audiences.

HQ: New York, NY

Industry: Financial Services

Employee Count: 214 (⚡27% increase in last 6 months)

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