Surmount Acquires Y Combinator-Backed Quantbase Boosting Assets Under Administration To $290 Million

Surmount, a data-driven investing platform founded by investor Logan Weaver, has acquired Quantbase, a Y Combinator-backed startup focused on becoming the shopify for investment management products. The acquisition boosts Surmount’s assets under administration to $290M and assets investing through its strategies to $90m. With this move, Surmount aims to expand its reach, allowing more creators to build and share investment products while scaling its platform to a broader investor base. BUYER: Surmount (@SurmountInvest) SELLER: Quantbase (@GetQuantbase) Surmount HQ: #new york #nyc Quantbase HQ: #new york #nyc #VentureCapital #Surmount #Quantbase #TradedVC

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Polymarket Raises $1 Billion Led By 1789 Capital At $21 Billion ValuationPolymarket has raised $1 billion at a $21 billion post-money valuation, with 1789 Capital leading the round and committing roughly $300 million. The prediction-markets platform is using the new capital to strengthen liquidity and infrastructure as competition with Kalshi intensifies and regulatory scrutiny continues. FOUNDER: Shayne Coplan INVESTORS: 1789 Capital, D.E. Shaw & G Squared AMOUNT: $1,000,000,000 VALUATION: $21,000,000,000 #VentureCapital #Polymarket #PredictionMarkets #TradedVC #Crypto