Raven raises funding from Coinbase Ventures and CMCC Global at $90M valuation
Image: BeInCryptoRaven has raised funding from Coinbase Ventures and CMCC Global at a valuation of about $90 million. The firm provides liquidity to crypto prediction markets and quotes markets across centralized and decentralized exchanges. Raven was founded by former Wintermute employees and is also backed by Hack VC and Wintermute Ventures. Raven aims to supply liquidity depth to prediction markets.
Key points
- Raven raised funding from Coinbase Ventures and CMCC Global at a valuation of about $90 million.
- Raven provides liquidity to crypto prediction markets and quotes markets across centralized and decentralized exchanges.
- Raven was founded by former employees of the trading firm Wintermute.
- Raven is also backed by Hack VC and Wintermute Ventures.
- Raven says it aims to bring liquidity depth to prediction markets.
Why it matters
Prediction markets need market makers to quote prices and provide depth from their first day. The funding expands backing for a firm that already supplies liquidity across centralized exchanges, decentralized exchanges and prediction markets, a sector that keeps adding new venues.
What's unclear
One report gives the $90 million figure as a pre-money valuation, while the other describes it as a valuation of roughly $90 million.
One report names three co-founders of Raven, while the other names two.
Sources · 2 publishers
BeInCrypto
Tier 2
Raven Raises at $90M Valuation From CMCC Global and Coinbase Ventures for Prediction Markets
Coverage timeline
- First reported by Crypto Briefing
- Confirmed by BeInCrypto
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
