Prediction Liquidity Provider Secures Major New Investment

Proprietary trading firm Raven has initiated a strategic funding round at a $90 million pre-money valuation. With backers like Coinbase Ventures and CMCC Global, Raven has secured significant investor attention. Raven operates across crypto, real-world assets, and prediction markets, and is operational on every major exchange, giving it significant adaptability in a constantly shifting market. Raven Has Grown Significantly in Recent Years This development follows an earlier 2024 seed round that raised $2.7 million while valuing the company at $25 million. Hack VC and Wintermute Ventures were some of the leading investors. Their trust appears to have paid off, as Raven’s valuation has nearly quadrupled since then, propelled by the company’s expanding network of partners. According to a recent CNBC report, CMCC co-founder Charlie Morris has joined Raven’s board to help the company with its institutional expansion ambitions. He has supported early-stage tech startups in decentralized finance, AI, and Web3 infrastructure, giving him invaluable experience. Morris lauded Raven’s business model and its commitment to excellence. We are excited to support Raven’s next phase of growth as they expand the business and continue to dominate liquidity on the venues that they serve. Charlie Morris, CMCC co-founder Raven has not disclosed the exact amount secured in its newest funding round. However, the revised valuation means it may significantly exceed the 2024 seed round. For a company founded in 2023, this enduring investor confidence should be a promising sign. Based in Sofia, Bulgaria, Raven is targeting promising global markets as it aims to build long-lasting partnerships. The Company Has a Growing Network of Partners At its core, Raven is a proprietary trading firm and liquidity provider across crypto and prediction markets. The company notably provides liquidity to prediction giants like Kalshi and Polymarket and has supported over 3,000 contracts in sports, economics, and entertainment. This diversification shows how digital assets and event-based markets are becoming increasingly intertwined. Raven co-founder Petar Kostov noted that the company only expanded into prediction markets in Q2 2025 but was already reaping significant dividends. The company now offers deep day-zero liquidity and continued support as its partners phase into steady-state flow. Notably, Raven supports both CFTC-regulated and on-chain platforms, giving it significant reach across multiple jurisdictions. At launch, we provide the opening liquidity. After launch, we stay in the book and help the venue expand into new categories as it grows. Petar Kostov, Raven co-founder This newest funding round should help Raven bolster its market position and adapt to shifting market dynamics. Several EU regulatory developments also benefit the company’s prediction market products, as jurisdictions like Malta are considering new regulatory frameworks for the sector. Such a move would open the door for new prediction operators that would need just the kind of support Raven provides.