Pascal

Summary active Updated Jul 20, 2026

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Location New York, NY
Founded 2025
Latest Stage Series A
Total Raised $15M
Website https://pascal.markets
Sector
prediction-markets fintech crypto trading-infrastructure

Investors

Union Square Ventures series-a (2026)

Founders

Ivo Crnkovic-Rubsamen Co-Founder
Matthew Downey Co-Founder

About

Pascal is a New York-based prediction market exchange targeting institutional users and professional traders, positioned between consumer-focused competitors Kalshi and Polymarket 123. Founded in 2025 by Ivo Crnkovic-Rubsamen and Matthew Downey, the platform launched its private beta in June 2026 and is designed around perpetual-futures-style mechanics, lower fees, and deeper liquidity tools than existing venues 1234.

On 2026-07-16 Pascal announced a $9 million Series A led by Union Square Ventures, following an approximately $6 million seed round in August 2025 123. Total known funding stands at roughly $15 million 13.

Disclaimer: This is a lean profile built from initial round coverage and may be expanded as more information becomes available.

Funding History

Date Round Amount Lead Co-investors
2025-08 Seed ~$6M (not disclosed) (not disclosed) 12
2026-07-16 Series A $9M Union Square Ventures (not disclosed) 123

What Investors Say

No independently sourced investor quotes with named attribution located at press time.

What Founders Say

No independently sourced founder quotes located at press time.

Sources

  1. Leo Schwartz, “Exclusive: Prediction market startup Pascal raises $9 million to challenge heavyweights Kalshi and Polymarket,” Fortune, July 16, 2026. Accessed July 20, 2026. https://fortune.com/2026/07/16/exclusive-prediction-market-startup-pascal-9-million-heavyweights-kalshi-and-polymarket/↩↩↩↩↩↩

  2. “Pascal raises $9M in Series A to take on Kalshi and Polymarket with institutional-grade prediction markets,” Crypto Briefing, July 2026. Accessed July 20, 2026. https://cryptobriefing.com/pascal-raises-9m-series-a-prediction-markets/↩↩↩↩↩

  3. “Pascal Closes $9 Million Series A to Take On Kalshi and Polymarket in Prediction Markets,” Bettors Insider, July 18, 2026. Accessed July 20, 2026. https://bettorsinsider.com/news/2026/07/18/new-prediction-market-entrant-pascal-closes-9-million-series-a/↩↩↩↩↩

  4. “NYC Startup Funding Report: July 20, 2026,” AlleyWatch, July 20, 2026. Accessed July 20, 2026. https://alleywatch.com/2026/07/the-alleywatch-startup-daily-funding-report-7-20-2026/↩