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Prediction market platform Pascal has completed a $9 million Series A funding round, led by USV
BlockBeats news, July 16, according to Fortune, market startup Pascal is expected to complete a $9 million Series A round, led by Union Square Ventures, with the valuation not disclosed. The company previously received a $6 million seed round in August last year, backed by Wintermute Ventures and DBA.
Pascal launched in June this year and is still in private testing. Its product positioning is closer to a perpetual futures trading platform: it allows users to trade around future events, and emphasizes lower fees, faster execution, and tools for professional traders and institutions. The company also plans to reduce the problem of “fake fills” where trades appear to have been executed but are not ultimately settled, and to improve liquidity through incentives.