Rain

About

Rain is an operator and custodian of digital currency exchange intended to make digital transactions.

Manama,Al Manamah,Bahrain
251 - 500
http://rain.com

Highlights

Details

Last Funding Type: Series B
Last Funding Money Raised: $110M
Industries: Bitcoin,Cryptocurrency,Financial Exchanges,Financial Services
Founded date: Sep 1, 2017
Number Of Employee: 251 - 500
Operating Status: Active
Legal Name: Rain Financial, Inc.
Also Known As: Rain Financial

Rain is an operator of digital currency exchange and custodian intended to make digital transactions. Rain is a regulated cryptocurrency exchange operating in the Middle East.

It was founded in 2017 and is based in Manama, Al Manamah, Bahrain.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

9

$228.69M

Rain has raised a total of $228.69M in funding over 2 rounds. Their latest funding was raised on Jan 18, 2022 from a Series B round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Jan 18, 2022	Series B	$110M	9	Kleiner Perkins Paradigm	—	Detail
Nov 12, 2021	Series Unknown	$75M	—	—	—	Detail
Aug 15, 2021	Series A	$25M	1	—	—	Detail
Aug 9, 2021	Convertable Note	—	1	—	—	Detail
Dec 14, 2020	Series A	$9.36M	6	Middle East Venture Partners (MEVP)	—	Detail

Investors

Number of Lead Investors

Number of Investors

3

19

Rain is funded by 19 investors. Kleiner Perkins and Paradigm are the most recent investors.

Investor Name	Lead Investor	Funding Round
Kleiner Perkins	Yes	Series B
Paradigm	Yes	Series B
Coinbase Ventures	—	Series B
A'Z Angels	—	Series B
Cadenza Ventures	—	Series B
CMT Digital Ventures	—	Series B
Global Founders Capital	—	Series B
Jameel Investment Management Company	—	Series B
Middle East Venture Partners (MEVP)	—	Series B
Vision Ventures	—	Series A