Raven Raises at $90M Valuation From CMCC Global and Coinbase Ventures for Prediction Markets

Raven raises at a $90 million pre-money valuation from CMCC Global and Coinbase Ventures to change into the one-stop store for prediction markets

The HFT agency, already a market maker throughout main centralised and decentralised exchanges, is taking its prediction markets liquidity enterprise additional.

Prediction markets are rising quicker than the infrastructure beneath them. The sector cleared roughly $30 billion in quantity in April 2026 and handed $50 billion in a single month across the World Cup, in opposition to roughly $44 billion for the entire of 2025. Yet new venues and markets hold launching, and each one in every of them wants liquidity from its first day to work.

Venues with little quantity typically wrestle to discover a liquidity accomplice at all. Venues with a variety of quantity wrestle to seek out sufficient liquidity to maintain up. That is the place Raven is available in. The proprietary buying and selling agency gives the liquidity and the help that venues and markets have to launch and develop, and it has raised new capital to do it at scale.

Founded by CEO Petar Kostov and CTO Yuriy Myronovych, Raven introduced publicly at present that it has closed a strategic spherical from CMCC Global and Coinbase Ventures at a $90 million pre-money valuation. Existing backers Hack VC and Wintermute Ventures invested within the agency’s seed spherical in 2024.

“Retail introduced the primary wave of quantity to prediction markets. Institutions are bringing the second. Both want dependable liquidity throughout a variety of venues and a variety of contracts, and that’s what we construct at Raven,” stated Petar Kostov, CEO of Raven.

Raven is constructing to be the one-stop store for that market: event-contract liquidity provision, the launch and bootstrapping of latest exchanges and brokerages from day zero, and ongoing help for their product, tech, group, and ecosystem initiatives.

The agency trades algorithmically across the clock throughout the US, APAC, and the EEA, and now covers greater than 10 prediction-market venues. They embody Kalshi and Polymarket, the place Raven quotes alongside different skilled market makers, and most of the venues that adopted them to market with Raven’s help.

In whole, Raven has quoted greater than 3,000 contracts throughout nearly all contract classes, together with politics, crypto, macro, sports activities, commodities, leisure, and climate.

Prediction markets are nonetheless rising, and most of the firms constructing within the area are very early. A crypto startup can already draw on a variety of trade know-how and assets to get by means of its launch. In prediction markets, most of that help doesn’t exist but, so Raven’s work with a venue begins weeks earlier than it goes reside.

“We work instantly with the venue’s engineering workforce, from drafting the API specs to writing the SDKs,” stated Yuriy Myronovych, CTO of Raven. “We share suggestions at each stage, in order that when different liquidity suppliers onboard later, the method is as frictionless for them as doable.”

Raven additionally advises on market design, together with which classes and markets to record first, based mostly on the place early demand is more likely to come from and which markets will be priced with confidence. On launch day, it gives the opening liquidity. From there, it extends protection to new classes and listings as they go reside, and offers the venue’s workforce common suggestions on market high quality.

“The most vital a part of the job comes after launch,” Kostov stated. “A liquidity accomplice’s primary function is to remain within the guide and hold supporting the venue when issues go unsuitable, together with in a disaster equivalent to a hack. As lengthy because the alternate is operating, we keep within the guide.”

Kostov and Myronovych had been beforehand at Wintermute, one in every of crypto’s largest market makers, the place Myronovych constructed and led the DeFi desk. They based Raven in 2023, and the agency entered prediction markets within the second quarter of 2025. It spent the primary months on analysis and integration, then scaled up within the fourth quarter, when its first venue launch partnerships went reside.

Raven is actively hiring throughout engineering and buying and selling, together with quantitative merchants for crypto and sports activities prediction markets. Open roles, based mostly in Milan and Sofia, are listed at raven-trading.com/careers.

ABOUT RAVEN

Raven is a proprietary buying and selling agency offering market-making and liquidity throughout centralised exchanges, decentralised exchanges, and prediction markets. Raven is lively throughout all sides of the area: from offering launch liquidity to new exchanges and tokens to quoting spot and perpetual pairs. It additionally works with venue groups on structure and group.

Raven was based in 2023 by CEO Petar Kostov and CTO Yuriy Myronovych, each previously of Wintermute, and operates from Milan and Sofia. It is backed by CMCC Global, Coinbase Ventures, Hack VC, and Wintermute Ventures. More at raven-trading.com.

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