Cryptocurrency exchange Raven announced the completion of a $2.70 million seed round led by Hack VC, with participation from Wintermute Ventures and several undisclosed angel investors. The company began raising the round last November and closed last month. It was an equity round with no token plans, and the round valued Raven at $25 million.
It is reported that Raven, co-founded by three former Wintermute employees, is a proprietary high-frequency algorithmic trading firm and market maker active on centralized and decentralized exchanges. Raven also recently partnered with crypto index provider Global Markets Crypto Intelligence (co-founded by Wintermute and The Block) to support its flagship index GMCI 30. With the new funding in place, Raven plans to expand into more centralized and decentralized exchanges.
Crypto trading firm Raven completes $2.70 million seed round, led by Hack VC
2024-05-15 10:14:11
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