Prediction Market Infrastructure Firm Furnace Raises $3.5M Seed Round
By The Weekly Edge desk ·
Summary
Furnace, which supplies reference infrastructure for institutional prediction-market users, has come out of stealth after raising $3.5 million. It assigns lasting canonical identities to economic exposures and maps the differing contracts of each venue beneath them, with Polymarket's US and international versions among the venues covered. Backers include North Island Ventures, Reciprocal Ventures, Reverie and VanEck, with DTCC and Public.com among the angel investors, and the product is offered via integration or APIs.
Why it matters
Furnace's $3.5 million raise shows investor backing for infrastructure mapping differing venue contracts, including Polymarket's US and international versions, for institutional prediction-market users.