Furnace raises $3.5m to build prediction markets reference layer
News · Funding · By SectorWire desk · Source published
Summary
New York-based Furnace has raised $3.5m in a funding round led by North Island Ventures, reported by EGR. The prediction markets infrastructure startup emerged from stealth mode and plans to offer a common reference layer for traders.
Why it matters
A shared reference layer for prediction markets could give operators and suppliers common pricing and data standards as the sector expands.
Cite as: SectorWire, “Furnace raises $3.5m to build prediction markets reference layer”, 14 October 2026, https://sectorwire.news/item/furnace-raises-3-5m-to-build-prediction-markets-reference-layer/
Key facts
- Parties
- Furnace, North Island Ventures
- Raised
- USD 3.5m as reported