Startups & VC Summary

Kalshis has recently marked its valuation up to $11 billion following a substantial funding round of $1 billion, as reported by TechCrunch. This development underscores the growing interest and investment in tech startups specializing in predictive markets.

Additionally, Numerai, another player in the AI hedge fund space, has gained significant backing from prestigious university endowments, which has led to a surge in the value of its token. This indicates a robust interest in innovative financial technologies, particularly those leveraging artificial intelligence and blockchain.

In another notable development, Mandi, a spin-off from 3SBio, is gearing up for an initial public offering in Hong Kong. This move is supported by Alibaba Health and aims to capitalize on the growing consumer healthcare market with a focus on hair-loss and weight-loss drugs.

Furthermore, health tech venture capital investments have shown signs of recovery in 2025, signaling renewed investor confidence in the sector. This rebound is critical as it reflects the ongoing demand for advancements in healthcare technology amidst a shifting investment landscape.

Meanwhile, the IPO chatter surrounding Polymarket has intensified following Kraken's filing, with speculation that the prediction market could achieve a valuation of up to $15 billion. This highlights the increasing interest in innovative market solutions within the cryptocurrency domain.

Overall, the startup ecosystem continues to demonstrate resilience and adaptability, with significant funding flowing into diverse sectors from health tech to predictive markets, showcasing a vibrant venture capital landscape in 2025.