Crypto proprietary trading firm and market maker Raven, co-founded by former Wintermute employees, has raised a $2.7 million seed round.
Raven, a crypto proprietary trading firm co-founded by three former Wintermute employees, has emerged from stealth with a $2.7 million seed funding round.
The firm began raising for this round last November and closed it last month, co-founder Petar Kostov, a former DeFi software engineer at Wintermute, told The Block. He said this was an equity round, and there is no token planned — adding that the round brought Raven's valuation to $25 million. When Raven signs an SLA, it is required to maintain a certain level of liquidity for a given token or market across all trading platforms so that demand is always matched by sufficient supply. Kostov said Raven trades on "tier 1 and 2" centralized exchanges and "most of the well-known" DeFi protocols.
"It is our firm belief that crypto is here to stay and grow, and we are simply doing our part in growing it," Kostov said. He added that Raven's primary focus on technology will help the firm "to drive the growth of the market and ultimately bring us success."
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