River Markets Secures $8.5 Million in Seed Funding
River Markets, a New York City-based company providing a prime brokerage platform for prediction markets, announced it has raised $8.5 million in a seed funding round. The platform allows users to access professional execution across prediction markets such as Kalshi and Polymarket from a single interface.
Investors and Leadership
The funding round was led by Haun Ventures, with participation from a diverse group of investors including Y Combinator, Coinbase Ventures, UFO Holdings, Qube Research & Technologies, TENET, Humbition, Kima Ventures, Cherry Ventures, Stack Asset Management, and Perpetual Strategies.
The company was co-founded by Antonin Parrot and Oscar Levy, who are both integral to the company's strategic direction and growth.
Use of Funds
While specific uses for the newly acquired funds were not detailed, seed rounds typically assist in expanding product capabilities, enhancing technology infrastructure, and scaling operations to meet market demand.
About River Markets
River Markets operates in the niche of prediction markets, offering a streamlined platform that combines various market executions into a single, efficient user experience. Their service targets traders and institutions looking for optimized access to these specialized markets.