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Raven Completes Strategic Financing at $90 Million Pre-Money Valuation with Participation from Coinbase Ventures

On September 29, CNBC reported that trading firm Raven has completed strategic financing at a $90 million pre-money valuation, with participation from Coinbase Ventures and CMCC Global. Raven was founded in 2023 by three former Wintermute employees, initially providing liquidity for cryptocurrency trading and planning to expand into prediction markets starting in the second quarter of 2025. Co-founder Petar Kostov stated that smaller platforms often struggle to find liquidity partners, while larger platforms may not have enough liquidity to meet demand. The seed round was led by Hack VC, with participation from Wintermute Ventures.

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