According to Odaily Planet Daily, Raven, a crypto proprietary trading company co-founded by three former Wintermute employees, announced the completion of a $2.7 million seed round of financing, led by Hack VC, with participation from Wintermute Ventures and several unidentified angel investors. Petar Kostov, co-founder and former DeFi software engineer at Wintermute, said the company started this round of financing in November last year and completed it last month. This is an equity financing round with no token plan. This round of financing brings Raven's valuation to $25 million.
Kostov noted that as part of the deal, Hack VC partner Roshun Patel joined Raven’s board of directors. Kostov co-founded Raven in January 2023 with Yuri Myronovych, former head of DeFi and senior software architect at Wintermute, and Ivaylo Kirilov, former DeFi software engineer at Wintermute, with the goal of “making the best trades at the best time.” With the new funding in place, Raven plans to expand its business to more CEXs and DEXs.