TechFlow News: On March 23, according to Fortune, Adhi Rajaprabhakaran and Noah Zingler-Sternig—two early employees of Kalshi—are raising up to $35 million for their newly established venture capital fund, 5c(c) Capital, which will focus on investing in startups building prediction markets. Kalshi CEO Tarek Mansour and Polymarket CEO Shayne Coplan have both committed capital; other early backers include Marc Andreessen, co-founder of a16z; Micky Malka, founder of Ribbit Capital; and Kyle Samani, former managing partner at Multicoin Capital. The fund plans to invest in approximately 20 companies over the next two years, with its first close scheduled within one month.
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