# Rain funding: rounds and investors > Rain has raised $408M across 5 rounds since 2014. Investors include Norwest Venture Partners, Sapphire Ventures and Lightspeed Venture Partners. Source: https://millionrounds.com/company/rain (Millionrounds; every figure on the page links to its filing or article) United States · [Series C startup](https://millionrounds.com/companies) # 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. Construction Financial Services Fintech Web3 & Crypto Raised 10 months ago Valuation: $1.9B, Mar 2026 Follow Rain and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Frain) Funding summary Updated 5 Nov 2026 **$408M** raised across 5 rounds since 2014, from 13 sources **$75M** Series B **$250M** Series C - **Latest round:** Series C, $250M Jan 2026 - **Led by:** ICONIQ Capital - **Step-up i:** 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. 2014 2016 2018 2020 2022 2024 2026 **$100K** Seed **$25M** Series A **$75M** Series B **$250M** Series C - **First round:** Seed, $100K - **Biggest round:** $250M - **Usual gap between rounds:** 5 months [**Rain** Blockchain 1 / 16 Their pitch deck **Rain's pitch deck, 16 slides** Each slide read for what it argues, against the decks that raised at the same stage.](https://millionrounds.com/decks/rain) ## The rounds - **Jan 2026** Series C **$250M** *4 new* *6 returning* [ICONIQ Capital](https://millionrounds.com/fund/iconiq-capital) Lead [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) [Norwest Venture Partners](https://millionrounds.com/fund/norwest) [FirstMark](https://millionrounds.com/fund/firstmark) [Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst) [Sapphire Ventures](https://millionrounds.com/fund/sapphire-ventures) [Dragonfly Capital Partners](https://millionrounds.com/fund/dragonfly-capital-partners) [Endeavor](https://millionrounds.com/fund/endeavor) [Galaxy Ventures](https://millionrounds.com/fund/galaxy-ventures) Reported by Harlem Capital and 4 others - **Sept 2025** Series B **$58M** *6 new* *1 returning* [Sapphire Ventures](https://millionrounds.com/fund/sapphire-ventures) Lead [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Norwest Venture Partners](https://millionrounds.com/fund/norwest) [Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst) [Samsung Next](https://millionrounds.com/fund/samsung-next) [Dragonfly Capital Partners](https://millionrounds.com/fund/dragonfly-capital-partners) [Galaxy Ventures](https://millionrounds.com/fund/galaxy-ventures) Reported by TechStartups and 2 others SEC filing: $23M sold, first sale Feb 2025 - **Apr 2025** Series B **$75M** *9 new* *1 returning* [Norwest Venture Partners](https://millionrounds.com/fund/norwest) Lead [Prosus Ventures](https://millionrounds.com/fund/prosus-ventures) Lead [Gaingels](https://millionrounds.com/fund/gaingels) [QED Investors](https://millionrounds.com/fund/qed-investors) [Tribe Capital](https://millionrounds.com/fund/tribe-capital) [Invus](https://millionrounds.com/fund/invus) [WndrCo](https://millionrounds.com/fund/wndrco) [VentureSouq](https://millionrounds.com/fund/venturesouq) [Nextalia Ventures](https://millionrounds.com/fund/nextalia-ventures) [Spark Growth Ventures](https://millionrounds.com/fund/spark-growth-ventures) Reported by TechCrunch and 2 others SEC filing: $20M sold, first sale Feb 2025 - **Mar 2025** Series A **$25M** *3 new* [Norwest Venture Partners](https://millionrounds.com/fund/norwest) [Mischief](https://millionrounds.com/fund/mischief) [Goldcrest Capital](https://millionrounds.com/fund/goldcrest-capital) Also list them on their own site [57Blocks Capital](https://millionrounds.com/fund/57blocks-capital) Source recorded SEC filing: $20M sold, first sale Feb 2025 - **Aug 2014** Seed **$100K** *1 new* [500 Global](https://millionrounds.com/fund/500-startups) 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. **Seed** 2014 **Series A** 2025 **Series B** 2025 **Series B** 2025 **Series C** 2026 [Norwest Venture Partners](https://millionrounds.com/fund/norwest) L [Sapphire Ventures](https://millionrounds.com/fund/sapphire-ventures) L [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst) [Dragonfly Capital Partners](https://millionrounds.com/fund/dragonfly-capital-partners) [Galaxy Ventures](https://millionrounds.com/fund/galaxy-ventures) [Prosus Ventures](https://millionrounds.com/fund/prosus-ventures) L [ICONIQ Capital](https://millionrounds.com/fund/iconiq-capital) L [500 Global](https://millionrounds.com/fund/500-startups) [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) ## Everyone who backed them [Norwest Venture Partners](https://millionrounds.com/fund/norwest) VC firm **4** rounds, led 1 [Sapphire Ventures](https://millionrounds.com/fund/sapphire-ventures) VC firm **2** rounds, led 1 [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) VC firm **2** rounds [Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst) Corporate VC **2** rounds [Dragonfly Capital Partners](https://millionrounds.com/fund/dragonfly-capital-partners) VC firm **2** rounds [Galaxy Ventures](https://millionrounds.com/fund/galaxy-ventures) VC firm **2** rounds [Prosus Ventures](https://millionrounds.com/fund/prosus-ventures) VC firm **1** round, led 1 [ICONIQ Capital](https://millionrounds.com/fund/iconiq-capital) Family office **1** round, led 1 [500 Global](https://millionrounds.com/fund/500-startups) Angel **1** round [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) VC firm **1** round [Gaingels](https://millionrounds.com/fund/gaingels) Private equity **1** round [FirstMark](https://millionrounds.com/fund/firstmark) VC firm **1** round [QED Investors](https://millionrounds.com/fund/qed-investors) VC firm **1** round [Samsung Next](https://millionrounds.com/fund/samsung-next) Corporate VC **1** round [Tribe Capital](https://millionrounds.com/fund/tribe-capital) VC firm **1** round [Invus](https://millionrounds.com/fund/invus) Private equity **1** round [WndrCo](https://millionrounds.com/fund/wndrco) Private equity **1** round [Endeavor](https://millionrounds.com/fund/endeavor) Corporate VC **1** round [VentureSouq](https://millionrounds.com/fund/venturesouq) VC firm **1** round [Mischief](https://millionrounds.com/fund/mischief) VC firm **1** round [Goldcrest Capital](https://millionrounds.com/fund/goldcrest-capital) VC firm **1** round [Nextalia Ventures](https://millionrounds.com/fund/nextalia-ventures) Growth equity **1** round [Spark Growth Ventures](https://millionrounds.com/fund/spark-growth-ventures) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=rain). ## 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. [Paradigm](https://millionrounds.com/fund/paradigm) VC firm Per its own site [Archetype](https://millionrounds.com/fund/archetype) VC firm Per its own site [Vision Ventures](https://millionrounds.com/fund/vision-ventures) VC firm Per its own site [Iconiq Capital](https://millionrounds.com/fund/iconiq-capital-3) Growth equity Per its own site [Mirana](https://millionrounds.com/fund/mirana) VC firm Per its own site [Prosperity7 Ventures](https://millionrounds.com/fund/prosperity7-ventures) Corporate VC Per its own site [Azolla Ventures](https://millionrounds.com/fund/azolla-ventures) VC firm Per its own site [Dreamers VC](https://millionrounds.com/fund/dreamers-vc) VC firm Per its own site [Open Field Capital](https://millionrounds.com/fund/open-field-capital) VC firm Per its own site [Volo Earth Ventures](https://millionrounds.com/fund/volo-earth-ventures) VC firm Per its own site [Cadenza Ventures](https://millionrounds.com/fund/cadenza) Private equity Per its own site [Dedicated VC](https://millionrounds.com/fund/dedicated) VC firm Per its own site [CM Ventures](https://millionrounds.com/fund/cm-ventures) VC firm Per its own site [Kosinski Ventures](https://millionrounds.com/fund/kosinski-ventures) Family office Per its own site [trac.vc](https://millionrounds.com/fund/trac-vc) VC firm Per its own site [57Blocks Capital](https://millionrounds.com/fund/57blocks-capital) VC firm Growth, 2025, per its site [A'Z Angels](https://millionrounds.com/fund/a-z-angels) VC firm Per its own site [Ata Capital](https://millionrounds.com/fund/ata-capital) Private equity Per its own site [Catapult](https://millionrounds.com/fund/catapult-vc) VC firm Per its own site [Hawktail](https://millionrounds.com/fund/hawktail) VC firm Per its own site [Kombo Ventures](https://millionrounds.com/fund/kombo-ventures) VC firm Per its own site [Palm Ventures](https://millionrounds.com/fund/palm-ventures-2) VC firm Per its own site [SV8 VC](https://millionrounds.com/fund/sv8-vc) VC firm Per its own site [Space Whale Capital](https://millionrounds.com/fund/space-whale-capital) Investor Per its own site [Stonewater Ventures](https://millionrounds.com/fund/stonewater-ventures) VC firm Per its own site [West Quad Ventures](https://millionrounds.com/fund/west-quad-ventures) VC firm Per 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. [**Trajectory** $101M · Nov 2026](https://millionrounds.com/company/trajectory)[**Guava** $13M · Nov 2026](https://millionrounds.com/company/guava)[**Omni** $244M · Nov 2026](https://millionrounds.com/company/omni)[**Fal** $1.4B · Nov 2026](https://millionrounds.com/company/fal)[**Northwood Space** $505M · Nov 2026](https://millionrounds.com/company/northwood-space)[**Pathfinder** $13M · Nov 2026](https://millionrounds.com/company/pathfinder) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app