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CoinbaseInvestment

Coinbase Ventures and CMCC Global close strategic funding round with trading firm Raven

What happened

Coinbase Ventures, the investment arm of Coinbase, co-led a strategic funding round in trading firm Raven.

Source

Article excerpt

Highlighted: the sentence this signal was extracted from

In this article Coinbase Ventures and CMCC Global closed a strategic funding round with Raven, a trading firm, at a $90 million pre-money valuation. Founded in 2023, Raven provides liquidity in crypto trading but has expanded into prediction markets since the second quarter of 2025, according to cofounder, Petar Kostov. " Venues without enough trading volume often struggle to find a liquidity partner at all. Venues with a lot of trading volume often struggle to find enough liquidity to keep up," Kostov told CNBC. Coinbase Ventures and CMCC Global confirmed the funding round with CNBC. Coinbase Ventures is the investment arm of Crypto platform Coinbase, which introduced prediction markets in its trading app last December. CMCC Global is a Hong Kong-based investor focused on blockchain technology. "We are excited to support Raven's next phase of growth as they expand the business and continue to dominate liquidity on the venues that they serve," said Charlie Morris, CMCC co-founder. Morris has joined Raven's board of directors and will work with management to expand among institutions. Raven serves as an institutional market-maker for prediction markets, generating constant buy and sell orders on contracts, giving traders liquidity to enter and exit positions. But the company wears multiple hats, Kostov said. "Early on, we advise on the technical setup and on market design...

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Extracted by Autobound

From the Signal API record
Event
Investment

What this signalsAn investment often shows where the company plans to grow.

Financing type
Equity

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The full record

From the Signal API record

Extraction

Confidence
100%
Detected
Sep 29, 2026
signal_type
news
signal_subtype
invests_into

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The API returns more than this page shows

This page shows a preview. The full news record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/df0c9aa9-56f4-3037-e035-5cb8688d1ed8 returns this record as JSON. POST /v1/companies/enrich returns every signal for coinbase.com.

{
  "signal_id": "df0c9aa9-56f4-3037-e035-5cb8688d1ed8",
  "signal_type": "news",
  "signal_subtype": "invests_into",
  "detected_at": "2026-09-29T13:05:06+00:00",
  "company": {
    "name": "Coinbase",
    "domain": "coinbase.com"
  },
  "data": {
    "url": "https://www.cnbc.com/2026/09/29/coinbase-ventures-and-cmcc-global-close-strategic-funding-round-with-raven.html",
    "title": "Coinbase Ventures and CMCC Global close strategic funding round with trading firm Raven",
    "excerpt": "In this article Coinbase Ventures and CMCC Global closed a strategic funding round with Raven, a trading firm, at a $90 million pre-money valuation. Founded in 2023, Raven provides liquidity in crypto trading but has expanded into prediction markets since the second quarter of 2025, according to cofounder, Petar Kostov. \" Venues without enough trading volume often struggle to find a liquidity partner at all. Venues with a lot of trading volume often struggle to find enough liquidity to keep up,\" Kostov told CNBC. Coinbase Ventures and CMCC Global confirmed the funding round with CNBC. Coinbase Ventures is the investment arm of Crypto platform Coinbase , which introduced prediction markets in its trading app last December. CMCC Global is a Hong Kong-based investor focused on blockchain technology. \"We are excited to support Raven's next phase of growth as they expand the business and continue to dominate liquidity on the venues that they serve,\" said Charlie Morris, CMCC co-founder. Morris has joined Raven's board of directors and will work with management to expand among institutions. Raven serves as an institutional market-maker for prediction markets, generating constant buy and sell orders on contracts, giving traders liquidity to enter and exit positions. But the company wears multiple hats, Kostov said. \"Early on, we advise on the technical setup and on market design...",
    "summary": "Coinbase Ventures, the investment arm of Coinbase, co-led a strategic funding round in trading firm Raven.",
    "planning": false,
    "image_url": "https://image.cnbcfm.com/api/v1/image/108303714-1778166234230-gettyimages-2256849927-AFP_93J69RZ.jpeg?v=1778166483&w=1920&h=1080",
    "confidence": 1,
    "published_at": "2026-09-29T13:05:06Z",
    "article_sentence": "In this article Coinbase Ventures and CMCC Global closed a strategic funding round with Raven, a trading firm, at a $90 million pre-money valuation.",
    "financing_type_tags": [
      "equity"
    ]
  }
}

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