Arabic version: كوينبيس فنتشرز وCMCC Global تدعمان رافن بتقييم 90 مليون دولار
According to Cnbc, Coinbase Ventures and CMCC Global have closed a strategic funding round with Raven, valuing the trading firm at a $90 million pre-money valuation. Coinbase Ventures and CMCC Global confirmed the round, while Raven declined to say how much each investor contributed.
Founded in 2023, Raven provides liquidity in crypto trading and expanded into prediction markets in the second quarter of 2025, cofounder Petar Kostov said. The company acts as an institutional market-maker, placing continuing buy and sell orders on contracts so traders can enter and exit positions.
Raven provides liquidity on prediction-market platforms including Kalshi and Polymarket, and also participates in non-U.S. regulated or on-chain venues, according to its website. It has quoted more than 3,000 contracts across sports, crypto, macroeconomics and entertainment. Before entering prediction markets, Raven operated as a high-frequency trading firm supplying liquidity across centralized and decentralized exchanges.
CMCC Global co-founder Charlie Morris has joined Raven’s board of directors and will work with management on institutional expansion. CMCC Global is a Hong Kong-based investor focused on blockchain technology. Coinbase Ventures is the investment arm of crypto platform Coinbase, which introduced prediction markets in its trading app last December.
