About Rain
Rain is a company based in Dubai (United Arab Emirates) founded in 2017 by Yehia Badawy, Joseph Dallago, AJ Nelson, and Abdullah Almoaiqel.. Rain has raised $128.84 million across 5 funding rounds from investors including Coinbase, Compound and Kleiner Perkins. Rain operates in a competitive market with competitors including KuCoin, Coinsquare, Kraken, Bitso and Coinbase, among others.
- Headquarter Dubai, United Arab Emirates
- Founders Yehia Badawy, Joseph Dallago, AJ Nelson, Abdullah Almoaiqel
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$128.84 M (USD)
in 5 rounds
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Latest Funding Round
$110 M (USD), Series B
Jan 18, 2022
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Investors
Coinbase
& 19 more
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Employee Count
Employee Count
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Funding Insights of Rain
Rain has successfully raised a total of $128.84M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $110 million completed in January 2022. 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 5
- Last Round Series B — $110.0M
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First Round
First Round
(09 Oct 2017)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series B - Rain | Valuation | Paradigm , Kleiner Perkins | |
| Jan, 2021 | Amount | Series A - Rain | Valuation | Middle East Venture Partners , Coinbase | |
| Dec, 2020 | Amount | Series A - Rain | Valuation | Middle East Venture Partners |
| 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 Rain
Rain has secured backing from 20 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Coinbase, Compound and Kleiner Perkins. 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 investments are directed toward crypto-assets and Web3 businesses.
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Founded Year | Domain | Location | |
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Venture capital firm investing in early-stage tech startups
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage startups
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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 Rain
| 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 |
Financial Statements - 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 |
Rain Comparisons
Competitors of Rain
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 KuCoin, Coinsquare, Kraken, Bitso and Coinbase, 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 |
Cryptocurrencies are bought, sold, and traded via this exchange platform.
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| domain | founded_year | HQ Location |
Digital assets are bought, sold, and traded on Coinsquare.
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| domain | founded_year | HQ Location |
Provider of an app-based trading and exchange platform for cryptocurrency
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| domain | founded_year | HQ Location |
Cryptocurrencies are traded and exchanged through an online platform.
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| domain | founded_year | HQ Location |
Cryptocurrency trading, storage, and exchange services are offered online.
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| domain | founded_year | HQ Location |
Online robo advisory and stock trading services are provided.
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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 Rain
Frequently Asked Questions about Rain
When was Rain founded?
Rain was founded in 2017.
Where is Rain located?
Rain is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Who is the current CEO of Rain?
Joseph Dallago is the current CEO of Rain. They have also founded this company.
Is Rain a funded company?
Rain is a funded company, having raised a total of $128.84M across 5 funding rounds to date. The company's 1st funding round was a Series A of $9.37M, raised on Oct 09, 2017.
What does Rain do?
Rain was founded in 2017 in Dubai, United Arab Emirates, within the cryptocurrency sector. An online platform is operated to enable trading of assets like Bitcoin and Ethereum. Buying, selling, swapping, and storage services are provided to users. Portfolio performance details are displayed for informed investment choices. Operations focus on secure digital asset management in the Middle East region.
Who are Rain's investors?
Rain has 20 investors. Key investors include Coinbase, Compound, Kleiner Perkins, BitMEX, and Abdul Latif Jameel.
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