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Amateur career
It was only in Raymundo's junior year in Jose Rizal Institute (high school) that he started playing basketball. He was discovered by Mollet Pineda, a former Colegio de San Juan de Letran player and coach. Raymundo played for Letran in the NCAA from 1997-1999 and made significant impact for the Knights alongside future PBA players Chris Calaguio and Willie Miller. From 1998-1999, he was a member of the Knights' back-to-back NCAA championships with victories over five-peat champion San Sebastian Stags and the JRU Heavy Bombers, respectively. He was named NCAA MVP in 1999. He also played for the Philippines in the 1999 Southeast Asian Games as the country won the gold medal. He played for Red Bull in the Philippine Basketball League, teaming up with future teammates Jimwell Torion, Lordy Tugade, Junthy Valenzuela and Fil-American recruit Davonn Harp, but never led the Energy Kings to a title in his only stint in 1999. His auntie Nena Pizarro, a former head of Department of Education, was the one who falsified his transcript in order for him to enter the PBA Draft early. He was later suspended for a year.
National Team
He is a many-time member of the Philippine national basketball team, a testament of him being among the league's elite. He played in the 2007 FIBA-Asia Eliminations for the team. He had one stellar moment where he scored 15 points, 10 in the 4th quarter, against Iran to pull the Philippines closer, only to lose 69-75. He was again named to the RP Team Training Pool in 2008 under coach Yeng Guiao for the 2009 FIBA-Asia Championship.
Purefoods
Raymundo was then shipped to Purefoods in the following year. During his first year with the franchise, he led the team to a championship and was also awarded the Finals MVP under the then-interim coach Ryan Gregorio. He was also instrumental in leading Purefoods to the crown in the 2005-2006 PBA Season, along with James Yap and Marc Pingris. After Rey Evangelista retired in 2008, Raymundo assumed the role of being the team's captain.
Red Bull Barako
Raymundo joined the PBA at the age of 19 when Red Bull made the decision to move to the PBA from the PBL making him the second youngest player to join the league. He played six games for Red Bull in his debut in the 2000 All-Filipino Cup, but was banned by the league for the rest of the season after finding out that Raymundo falsified his requirements to enter the league. The league required players who have graduated from high school in 1996, while Raymundo graduated only a year later before going to Letran. He would later return in 2001 for the Thunder, becoming one of the vital cogs, along with Davonn Harp, Mick Pennisi, Jimwell Torion, former collegiate teammate Miller and import Antonio Lang, to lead Red Bull to their first championship over the San Miguel Beermen in the Commissioner's Cup.