Rain is a global card issuing platform powered by stablecoins. The company, which was founded in 2021 by Farooq Malik and Charles Naut, sponsors and operates card programs as a Visa principal member.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 03/24/25 | $24,500,000 |
Canonical Crypto Coinbase Ventures Galaxy Ventures Goldcrest Capital Hard Yaka Latitude Capital Lightspeed Venture Partners Norwest Venture Partners  Thayer Vinyl Capital | undisclosed | |
| 08/28/25 | $58,000,000 | Series B |
Dragonfly Endeavor Catalyst Galaxy Ventures Lightspeed Ventures Norwest Venture Partners Samsung NEXT Sapphire Ventures | undisclosed |
| 01/09/26 | $250,000,000 | Series C |
Bessemer Venture Partners Dragonfly Endeavor Catalyst Firstmark Capital Galaxy Ventures ICONIQ Capital Lightspeed Venture Partners Norwest Venture Partners Sapphire Ventures | $1,950,000,000 |
