Pascal Research has raised $9.0M in Series A funding. The round comes from Union Square Ventures, the only investor named.
Pascal Research builds prediction markets for traders. The company describes itself as backed by USV, which led the round.
Pascal Research Raises $9.0M Series A
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QuantTWO TRADING VETERANS RAISED $9M TO REBUILD PREDICTION MARKETS Matthew Downey and Ivo Crnkovic-Rubsamen are building Pascal Research, a prediction-markned for traders who care about execution quality, liquidity and trading costs.
Crnkovic-Rubsamen previously worked as a quantitative trader at Bridgewater Associates and D.E. Shaw before becoming CEO of crypto derivatives exchange dYdX in 2024. Downey brings experience in high-frequency crypto trading. Their frustration with existing prediction markets became the foundation for Pascal. The company is targeting problems that professional traders notice immediately: high trad
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