Prediction market platform Pascal raises $9 million Series A, led by USV

TechFlow reports that on July 16, according to Fortune, prediction market platform Pascal announced the completion of a $9 million Series A financing round, led by Union Square Ventures (USV), with the valuation undisclosed. The round expands on the $6 million seed round raised last August, with early investors including Wintermute Ventures and DBA. Pascal plans to build a next-generation prediction market platform for professional traders and institutional users, aiming to offer lower fees, higher liquidity, and more specialized trading tools through a trading model closer to perpetual futures. Pascal co-founder Ivo Crnkovic-Rubsamen said the company ultimately hopes to build highly liquid prediction markets for real business risks, enabling companies to use these markets for risk management and hedging.