Raven Secured Funding at $90 Million Valuation
The prediction market liquidity provider has closed a new investment round led by Coinbase Ventures and CMCC Global.
Updated on Sept. 29, 2026 in Startups
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Raven, a startup founded in 2023, has secured new capital at a $90 million pre-money valuation. The funding follows the company's Q2 2025 expansion into prediction markets and its work providing liquidity through automated contract quoting.
Why it matters
The company aims to bridge institutional participation in prediction markets by providing technical market design and liquidity services. This funding reflects growing interest in the infrastructure supporting decentralized market systems.
Raven has quoted more than 3,000 contracts to date. The startup supports market operations by generating constant buy and sell orders and advising on technical API specifications.
The players
Raven
A startup founded in 2023 that provides liquidity and technical infrastructure for prediction markets.
Coinbase Ventures
The investment arm of the global cryptocurrency exchange, focused on backing early-stage infrastructure and protocol projects.
CMCC Global
A Hong Kong-based venture capital firm specializing in blockchain and digital asset investments.
Charlie Morris
A new member of the board of directors at Raven.
The details
Raven functions as a market maker by maintaining constant liquidity via continuous buy and sell order generation on prediction contracts. The firm also consults on market design, including the technical setup of APIs (Application Programming Interfaces — software intermediaries that allow two applications to talk to each other) to facilitate institutional integration. These systems enable consistent trade execution for participants in volatile prediction market environments.
Timeline
2023: Raven was founded.
2024: The company completed its seed funding round.
Q2 2025: Raven expanded its operations into prediction markets.
September 29, 2026: Coinbase Ventures and CMCC Global closed the strategic funding round.
The Tech Race
This development follows the December 2025 introduction of prediction markets by Coinbase, signaling an effort to professionalize the market ecosystem. Raven is positioning its liquidity services as a necessary layer for the institutional adoption of these decentralized financial products.
The startup plans to expand its services to institutional clients, potentially increasing liquidity and depth in the prediction markets it supports. Users of these platforms may experience tighter spreads and more reliable order fulfillment as the company implements its technical architecture.
The takeaway
Raven is betting on the institutionalization of prediction markets by providing the technical plumbing for trade liquidity. Watch the company's next phase of institutional partnership announcements to see if this model achieves broader market adoption.
Further reading
For more on emerging infrastructure companies, visit our Startups section.
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