According to Foresight News, Raven, a proprietary high-frequency algorithmic trading firm and market maker, has announced the completion of a $2.7 million seed funding round. The funding round was led by Hack VC, with participation from Wintermute Ventures and several undisclosed angel investors. This equity financing round, which did not involve any token plans, has brought Raven's valuation to $25 million.
As part of the deal, Hack VC partner Roshun Patel has joined Raven's board. Raven was co-founded by three former employees of Wintermute and is active in both centralized and decentralized exchanges. Recently, Raven collaborated with Global Markets Crypto Intelligence, a crypto index provider co-created by Wintermute and The Block, to support its flagship index GMCI 30.
With the new funding in place, Raven plans to expand to more centralized and decentralized exchanges.