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

TechFlow reports, July 16, according to Fortune, prediction market platform Pascal announced the completion of a $9 million Series A funding round, led by Union Square Ventures (USV), with specific valuation not disclosed. This funding is a further expansion based on the $6 million seed round last August, with early investors including Wintermute Ventures and DBA.

Pascal plans to build a new generation prediction market platform for professional traders and institutional users, hoping to provide users with lower fees, higher liquidity, and more professional trading tools through a trading model closer to perpetual futures (perpetual futures). Pascal co-founder Ivo Crnkovic-Rubsamen stated that he hopes to establish high-liquidity prediction markets for real business risks in the future, allowing enterprises to use these markets for risk management and hedging.