Raven secures strategic funding from Coinbase Ventures and CMCC Global at $90 million valuation

PANews, September 29 — According to CNBC, Raven has completed a strategic funding round with participation from Coinbase Ventures and CMCC Global, at a pre-money valuation of $90 million. Founded in 2023, Raven initially operated as a crypto high-frequency market maker, and from Q2 2025 expanded into prediction markets, providing institutional market-making services for platforms such as Kalshi and Polymarket, as well as other non-U.S. compliant or on-chain platforms. Raven has provided liquidity for more than 3,000 contracts, covering categories including sports, cryptocurrency, macroeconomics, and entertainment. CMCC co-founder Charlie Morris will join Raven's board of directors to help it expand among institutional clients. The specific funding amount was not disclosed.