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Prediction market platform Pascal completes a $9.0 million Series A round, led by USV
Deep Tide TechFlow update: On July 16, according to Fortune, the 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 not disclosed. This round further builds on the $6 million seed round completed last August. Early investors include Wintermute Ventures and DBA.
Pascal plans to build a new generation of prediction market platform for professional traders and institutional users, hoping to provide users with lower fees, higher liquidity, and more specialized trading tools through trading models that are closer to perpetual futures. Pascal co-founder Ivo Crnkovic-Rubsamen said they hope to establish high-liquidity prediction markets for real commercial risks in the future, so that companies can use these markets for risk management and hedging.