About Let It Rain
Let It Rain is a company based in Alpharetta (United States) founded in 2009 was acquired by Cendyn in July 2019.. Let It Rain has raised $33.8 million across 2 funding rounds from investors including RealPage, SVB and Norwest Venture Partners. Let It Rain has completed 1 acquisition, including Rent Jungle. Let It Rain operates in a competitive market with competitors including Duetto, IDeaS, Room Price Genie, Pruvo and Metro Engine, among others.
- Headquarter Alpharetta, United States
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Sectors
Travel & Hospitality
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Capitol Services, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$33.8 M (USD)
in 2 rounds
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Latest Funding Round
$33.8 M (USD), Series A
Oct 30, 2012
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Investors
RealPage
& 3 more
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Employee Count
Employee Count
- Investments & Acquisitions
- Acquired by
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Funding Insights of Let It Rain
Let It Rain has successfully raised a total of $33.8M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $33.8 million completed in October 2012. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $33.8M
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First Round
First Round
(13 Sep 2011)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2012 | Amount | Series A - Let It Rain | Valuation |
investors |
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| Sep, 2011 | Amount | Debt – Conventional - Let It Rain | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Let It Rain
Let It Rain has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include RealPage, SVB and Norwest Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Founded Year | Domain | Location | |
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Banking services are provided to innovative companies, investors, and individuals.
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Founded Year | Domain | Location | |
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AI-enabled property management software is provided for residential properties.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Let It Rain
Let It Rain has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Rent Jungle. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Apartment listings are aggregated from over 12,000 U.S. sites online.
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Let It Rain
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Let It Rain Comparisons
Competitors of Let It Rain
Let It Rain operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Duetto, IDeaS, Room Price Genie, Pruvo and Metro Engine, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based revenue management solutions are provided for the hospitality sector.
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| domain | founded_year | HQ Location |
Revenue management software and consulting for hospitality are provided.
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| domain | founded_year | HQ Location |
Web-based revenue management solutions for small hotels are provided.
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| domain | founded_year | HQ Location |
App-based platform to rebook hotels for travelers
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| domain | founded_year | HQ Location |
AI-driven revenue management is provided for hotels and accommodations.
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| domain | founded_year | HQ Location |
Revenue management solutions provider
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Let It Rain
Frequently Asked Questions about Let It Rain
When was Let It Rain founded?
Let It Rain was founded in 2009 and raised its 1st funding round 2 years after it was founded.
Where is Let It Rain located?
Let It Rain is headquartered in Alpharetta, United States. It is registered at Alpharetta, Georgia, United States.
Is Let It Rain a funded company?
Let It Rain is a funded company, having raised a total of $33.8M across 2 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $9M, raised on Sep 13, 2011.
What does Let It Rain do?
The Rainmaker Group was founded in 2009 and is headquartered in Alpharetta, United States. Revenue management and pricing optimization software is developed for the hospitality, gaming, and multifamily housing industries. Solutions such as guestrev for hotel and casino revenue, grouprev for group business optimization, and revintel for business intelligence are offered to support profitability analysis and competitive positioning. Operations focus on data-driven tools for sector-specific revenue strategies.
Who are the top competitors of Let It Rain?
Let It Rain's top competitors include Duetto, IDeaS and Room Price Genie.
How many acquisitions has Let It Rain made?
Let It Rain has made 1 acquisition, including Rent Jungle.
Who are Let It Rain's investors?
Let It Rain has 4 investors. Key investors include RealPage, SVB, Norwest Venture Partners, and Cendyn.