# Rainforest funding: rounds and investors

> Rainforest has raised $62M across 5 rounds since 2013. Investors include Accel, Infinity Ventures and BoxGroup. Every round with its source.

Source: https://millionrounds.com/company/rainforest (Millionrounds; every figure on the page links to its filing or article)

United States · [Series B startup](https://millionrounds.com/companies)

# Who invested in *Rainforest*

5 rounds we have observed, with the 16 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.

Fintech SaaS

Y Combinator: S12

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Funding summary Updated 5 Nov 2026

**$62M** raised across 5 rounds since 2013, from 5 sources

**$20M** Series A **$29M** Series B

- **Latest round:** Series B, $29M Sept 2025
- **Led by:** Infinity Ventures and Matrix
- **Step-up i:** 1.4×
- **Investors:** 16 (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.

2015 2017 2019 2021 2023 2025

**$170K** Seed

**$4.0M** Seed

**$8.5M** Seed

**$20M** Series A

**$29M** Series B

- **First round:** Seed, $170K
- **Biggest round:** $29M
- **Usual gap between rounds:** 14 months

## The rounds

- **Sept 2025** Series B **$29M** *2 new* *5 returning* [Infinity Ventures](https://millionrounds.com/fund/infinity-ventures) Lead [Matrix](https://millionrounds.com/fund/matrix) Lead [Accel](https://millionrounds.com/fund/accel) [BoxGroup](https://millionrounds.com/fund/boxgroup) [SVB Capital](https://millionrounds.com/fund/svb-capital) [Tech Square Ventures](https://millionrounds.com/fund/tech-square-ventures) [The Fintech Fund](https://millionrounds.com/fund/the-fintech-fund) Reported by Crunchbase News
- **Jun 2024** Series A **$20M** *1 new* *6 returning* [Matrix Partners](https://millionrounds.com/fund/matrix-partners) Lead [Accel](https://millionrounds.com/fund/accel) [BoxGroup](https://millionrounds.com/fund/boxgroup) [Infinity Ventures](https://millionrounds.com/fund/infinity-ventures) [Tech Square Ventures](https://millionrounds.com/fund/tech-square-ventures) [The Fintech Fund](https://millionrounds.com/fund/the-fintech-fund) [Ardent Venture Partners](https://millionrounds.com/fund/ardent) Reported by Tech Square Ventures
- **Oct 2023** Seed **$8.5M** *6 new* [Accel](https://millionrounds.com/fund/accel) Lead [BoxGroup](https://millionrounds.com/fund/boxgroup) [Infinity Ventures](https://millionrounds.com/fund/infinity-ventures) [Tech Square Ventures](https://millionrounds.com/fund/tech-square-ventures) [The Fintech Fund](https://millionrounds.com/fund/the-fintech-fund) [Ardent Venture Partners](https://millionrounds.com/fund/ardent) Reported by Tech Square Ventures
- **Feb 2015** Seed **$4.0M** *6 new* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Crosslink Capital](https://millionrounds.com/fund/crosslink-capital) [Storm Ventures](https://millionrounds.com/fund/storm-ventures) [Rincon Venture Partners](https://millionrounds.com/fund/rincon-venture-partners) [Auren Hoffman](https://millionrounds.com/fund/auren-hoffman) [Morado Venture Partners](https://millionrounds.com/fund/morado-venture-partners) From a historical funding record
- **Dec 2013** Seed **$170K** *1 new* [Farzad (Zod) Nazem](https://millionrounds.com/fund/farzad-zod-nazem) 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** 2013 **Seed** 2015 **Seed** 2023 **Series A** 2024 **Series B** 2025 [Accel](https://millionrounds.com/fund/accel) L [Infinity Ventures](https://millionrounds.com/fund/infinity-ventures) L [BoxGroup](https://millionrounds.com/fund/boxgroup) [Tech Square Ventures](https://millionrounds.com/fund/tech-square-ventures) [The Fintech Fund](https://millionrounds.com/fund/the-fintech-fund) [Ardent Venture Partners](https://millionrounds.com/fund/ardent) [Matrix Partners](https://millionrounds.com/fund/matrix-partners) L [Matrix](https://millionrounds.com/fund/matrix) L [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [SVB Capital](https://millionrounds.com/fund/svb-capital)

## Everyone who backed them

[Accel](https://millionrounds.com/fund/accel) VC firm **3** rounds, led 1

[Infinity Ventures](https://millionrounds.com/fund/infinity-ventures) VC firm **3** rounds, led 1

[BoxGroup](https://millionrounds.com/fund/boxgroup) VC firm **3** rounds

[Tech Square Ventures](https://millionrounds.com/fund/tech-square-ventures) VC firm **3** rounds

[The Fintech Fund](https://millionrounds.com/fund/the-fintech-fund) VC firm **3** rounds

[Ardent Venture Partners](https://millionrounds.com/fund/ardent) VC firm **2** rounds

[Matrix Partners](https://millionrounds.com/fund/matrix-partners) VC firm **1** round, led 1

[Matrix](https://millionrounds.com/fund/matrix) Hedge fund **1** round, led 1

[Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) VC firm **1** round

[SVB Capital](https://millionrounds.com/fund/svb-capital) VC firm **1** round

[Crosslink Capital](https://millionrounds.com/fund/crosslink-capital) VC firm **1** round

[Storm Ventures](https://millionrounds.com/fund/storm-ventures) VC firm **1** round

[Rincon Venture Partners](https://millionrounds.com/fund/rincon-venture-partners) VC firm **1** round

[Farzad (Zod) Nazem](https://millionrounds.com/fund/farzad-zod-nazem) VC firm **1** round

[Auren Hoffman](https://millionrounds.com/fund/auren-hoffman) VC firm **1** round

[Morado Venture Partners](https://millionrounds.com/fund/morado-venture-partners) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=rainforest).

## Quick answers about Rainforest

### Who invested in Rainforest?

Rainforest's investors include Accel, Infinity Ventures, BoxGroup, Tech Square Ventures and The Fintech Fund, and 11 more on record. Infinity Ventures led its latest round.

### How much has Rainforest raised?

Rainforest has raised $62M across 5 rounds since 2013.

### When did Rainforest last raise?

Rainforest's most recent round was a Series B of $29M in Sept 2025, led by Infinity Ventures.

### What was Rainforest's biggest round?

Its most recent round, $29M in Sept 2025, is also its largest on record.

### Who backed Rainforest first?

Rainforest's first round on record, in Dec 2013, was backed by Farzad (Zod) Nazem.

### What stage is Rainforest at?

Rainforest's latest named round is a Series B, in Sept 2025.

### Where is Rainforest based?

Rainforest is based in the United States.

### Who led Rainforest's rounds?

Accel led the Seed in 2023; Matrix Partners led the Series A in 2024; Infinity Ventures led the Series B in 2025.

## Companies like Rainforest

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

[**Pathfinder** $13M · Nov 2026](https://millionrounds.com/company/pathfinder)[**Clark** $11M · Nov 2026](https://millionrounds.com/company/clark)[**Midstream Health** $27M · Oct 2026](https://millionrounds.com/company/midstream-health)[**Settle** $103M · Oct 2026](https://millionrounds.com/company/settle)[**SpendRule** $6.0M · Oct 2026](https://millionrounds.com/company/spendrule)[**Collective** $219M · Oct 2026](https://millionrounds.com/company/collective)

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