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

What happened

TechFlow reported on July 16, citing Fortune, that prediction market platform Pascal announced the completion of a $9 million Series A funding round led by Union Square Ventures (USV), with the specific valuation undisclosed. The round was an extension following last August’s $6 million seed round; early investors included 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 hopes to eventually build highly liquid prediction markets for real business risks, enabling companies to use these markets for risk management and hedging.

Source

TechFlow