United States · Series C startup

Who invested in Rain

5 rounds we have observed, with the 23 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

ConstructionFinancial ServicesFintechWeb3 & Crypto

Raised 10 months agoValuation: $1.9B, Mar 2026

Funding summaryUpdated 5 Nov 2026

$408Mraised across 5 rounds since 2014, from 13 sources

$75MSeries B$250MSeries C
Latest round
Series C, $250MJan 2026
Led by
ICONIQ Capital
Step-upi
4.3×
Investors
23 (4 led)
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2014201620182020202220242026
$100KSeed$25MSeries A$75MSeries B$250MSeries C
First round
Seed, $100K
Aug 2014
Biggest round
$250M
Series C · Jan 2026
Usual gap between rounds
5 months
the median of 4
RainBlockchain1 / 16Their pitch deckRain's pitch deck, 16 slidesEach slide read for what it argues, against the decks that raised at the same stage.

The rounds

  1. Jan 2026
  2. Sept 2025
  3. Apr 2025
    Series B$75M9 new1 returning

    Reported by TechCrunch and 2 othersSEC filing: $20M sold, first sale Feb 2025

  4. Mar 2025
    Series A$25M3 new

    Also list them on their own site57Blocks Capital

    Source recordedSEC filing: $20M sold, first sale Feb 2025

  5. Aug 2014
    Seed$100K1 new

    From a historical funding record

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Everyone who backed them

Norwest Venture PartnersVC firm4rounds, led 1
Sapphire VenturesVC firm2rounds, led 1
Endeavor CatalystCorporate VC2rounds
Galaxy VenturesVC firm2rounds
Prosus VenturesVC firm1round, led 1
ICONIQ CapitalFamily office1round, led 1
500 GlobalAngel1round
GaingelsPrivate equity1round
FirstMarkVC firm1round
QED InvestorsVC firm1round
Samsung NextCorporate VC1round
Tribe CapitalVC firm1round
InvusPrivate equity1round
WndrCoPrivate equity1round
EndeavorCorporate VC1round
VentureSouqVC firm1round
MischiefVC firm1round
Goldcrest CapitalVC firm1round
Nextalia VenturesGrowth equity1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 26 firms list Rain as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

ParadigmVC firmPer its own site
ArchetypeVC firmPer its own site
Vision VenturesVC firmPer its own site
Iconiq CapitalGrowth equityPer its own site
MiranaVC firmPer its own site
Prosperity7 VenturesCorporate VCPer its own site
Azolla VenturesVC firmPer its own site
Dreamers VCVC firmPer its own site
Open Field CapitalVC firmPer its own site
Volo Earth VenturesVC firmPer its own site
Cadenza VenturesPrivate equityPer its own site
Dedicated VCVC firmPer its own site
CM VenturesVC firmPer its own site
Kosinski VenturesFamily officePer its own site
trac.vcVC firmPer its own site
57Blocks CapitalVC firmGrowth, 2025, per its site
A'Z AngelsVC firmPer its own site
Ata CapitalPrivate equityPer its own site
CatapultVC firmPer its own site
HawktailVC firmPer its own site
Kombo VenturesVC firmPer its own site
Palm VenturesVC firmPer its own site
SV8 VCVC firmPer its own site
Space Whale CapitalInvestorPer its own site
Stonewater VenturesVC firmPer its own site
West Quad VenturesVC firmPer its own site

Quick answers about Rain

Who invested in Rain?

Rain's investors include Norwest Venture Partners, Sapphire Ventures, Lightspeed Venture Partners, Endeavor Catalyst and Dragonfly Capital Partners, and 18 more on record. ICONIQ Capital led its latest round.

How much has Rain raised?

Rain has raised $408M across 5 rounds since 2014.

When did Rain last raise?

Rain's most recent round was a Series C of $250M in Jan 2026, led by ICONIQ Capital.

What was Rain's biggest round?

Its most recent round, $250M in Jan 2026, is also its largest on record.

Who backed Rain first?

Rain's first round on record, in Aug 2014, was backed by 500 Global.

What stage is Rain at?

Rain's latest named round is a Series C, in Jan 2026.

Where is Rain based?

Rain is based in the United States.

Who led Rain's rounds?

Norwest Venture Partners led the Series B in 2025; Sapphire Ventures led the Series B in 2025; ICONIQ Capital led the Series C in 2026.

Companies like Rain

In the same sector, and raised in the last eighteen months.

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