Ithaca Finance, a combinable options protocol, completed a $2.5 million Pre-Seed round of financing. The round was led by Cumberland and Wintermute Ventures, with participation from Room40 Ventures, Ghaf Capital Partners, and angel investors including Andrew Keys, co-founder of DARMA Capital, and Georgios Vlachos, co-founder of Axelar. The protocol is live on the Arbitrum testnet and is only open to invitees before its full launch on the mainnet later this quarter.