# Raven Closes Funding Round at $90 Million Pre-Money Valuation

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/25351
Published: 2026-09-29T13:28:25.000Z
Updated: 2026-09-29T13:28:25.000Z
Section: Business

> Coinbase Ventures and CMCC Global joined the strategic round as Raven expands its prediction-market liquidity business across more than 3,000 contracts.

Raven has closed a strategic funding round with Coinbase Ventures and CMCC Global at a $90 million pre-money valuation, strengthening its position as a market maker for prediction-market platforms.

Founded in 2023, Raven started as a crypto-trading liquidity provider before entering prediction markets in the second quarter of 2025. It has since quoted more than 3,000 contracts spanning sports, crypto, macroeconomics and entertainment.

Raven supports trading by continuously placing buy and sell orders on contracts. That activity gives traders a way to enter and exit positions across platforms including Kalshi and Polymarket, as well as non-U.S. regulated or on-chain venues.

The firm also works with platforms on technical setup and market design. Its services include advising on application programming interfaces, choosing initial markets and supplying opening liquidity when a venue launches. Raven remains active as platforms add new categories.

Coinbase Ventures is the investment arm of Coinbase, which introduced prediction markets in its trading app in December 2025. CMCC Global is focused on blockchain investments.

Charlie Morris, CMCC Global co-founder, has joined Raven’s board and will work with management to expand the firm among institutions.

Before moving into prediction markets, Raven provided liquidity on centralized and decentralized crypto exchanges as a high-frequency trading firm. The company declined to comment on how much Coinbase Ventures and CMCC Global each invested in the latest round.