About Rain
Rain is a Financial Services company based in Dubai (United Arab Emirates) founded in 2017 by Yehia Badawy, Joseph Dallago, AJ Nelson, and Abdullah Almoaiqel. Online platform cryptocurrency trading. Rain has raised $128.84 million across 5 funding rounds from investors including Coinbase, Compound and Kleiner Perkins. Its chief executive, as recorded, is Joseph Dallago. Its website rain.com draws about 106 thousand monthly visits. Its focus areas include FinTech, Cryptocurrencies, Investment Industry and Online Trading Platforms.
Company details
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.
- Total Equity Funding$128.84M (USD)
in 5 rounds
- Latest Funding Round$110M (USD), Series B
Jan 2022
- InvestorsCoinbase
& 19 more
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 $128.84M
- Total Rounds 5
- Last Round Series B — $110M
- First Round $975,000
(Oct 2017)
- Investors Count 20
All 5 funding rounds of Rain with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2022 | $110M | Series B | – | Paradigm, Kleiner Perkins | |
| Jan 2021 | $6M | Series A | – | Middle East Venture Partners, Coinbase | |
| Dec 2020 | $9.37M | Series A | – | Middle East Venture Partners | |
| Jul 2019 | $2.5M | Seed | – | – | |
| Oct 2017 | $975,000 | Seed | – | – | – |
20 investors in total: 16 institutional and 4 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are directed toward crypto-assets and Web3 businesses. | paradigm.xyz | San Francisco, United States | ||
Venture capital firm investing in early-stage tech startups | 1972 | kleinerperkins.com | Menlo Park, United States | |
Venture capital firm focused on early-stage startups | globalfounderscapital.com | Berlin, Germany | ||
Venture capital firm focused on early and growth-stage investments | mevp.com | Beirut, Lebanon | ||
Blockchain startups are targeted for venture capital funding. | cadenza.vc | San Francisco, United States | ||
Infrastructure and venture capital firm focused on renewable energy, technology, and life science sectors | jimco.com | |||
Early-stage blockchain technology companies are invested in by the firm. | cmt.digital | Chicago, United States | ||
Venture capital investments are made in promising startups. | 2018 | visionvc.co | Dammam, Saudi Arabia | |
Taibah Valley is engaged in developing innovative technology solutions. | taibahvalley.com.sa | Medina, Saudi Arabia | ||
Venture capital and acceleration are provided to tech startups. | 500.co | Ho Chi Minh City, Vietnam |
Investor details for Rain
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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- Co-investor network
Verified entity values are shown only after access is granted.
People of Rain
24 people are tracked at Rain (17 in leadership, 7 in team).
| Name | Role | Group |
|---|---|---|
Yehia Badawy | Co-Founder | Leadership |
Joseph Dallago | Co-Founder & CEO | Leadership |
AJ Nelson | Co-Founder | Leadership |
Abdullah Almoaiqel | Co-Founder | Leadership |
Humza Tahir | Global COO | Leadership |
Joelle Hadfield | Director Global Communications | Leadership |
Haris Khan | Group VP, Growth | Leadership |
Tabish Shoaib | Global Head of Operations | Leadership |
Usman Rehman | Vice President Of Compliance | Leadership |
Batool Alkhaja | Director Of Public Policy | Leadership |
Kaan Bozkurt | Global Head Of OTC | Leadership |
Dana Adeeb | Acting Unit Head Of VIP Clients | Leadership |
Lara Jawabreh | Head Of Operations | Leadership |
Pooja R. | Head Of Operations - UAE | Leadership |
Ahmed Samra | Head Of Strategic Communications And Policy Research | Leadership |
Ali Khalil | Global Head Of Infrastructure And Techops | Leadership |
Brice Corbin | Head Of Design | Leadership |
Mehmet Sezer | OTC Treasurer / Trader & Operations | Team |
Turki Matrook | Senior Admin Associate & PRO | Team |
Zaid Altekreeti | Senior Back Ops Associate | Team |
4 more people are available in the full profile.
Complete people profiles for Rain
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Timeline of Rain
3 dated milestones of Rain across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Rain is founded.
- Funding First funding round of $975K.
- Funding Latest funding round, Series B, of $110.0M.
Web traffic of Rain
The website of Rain (rain.com) receives about 105.5K visits a month.
- Monthly visits105.5K
▼ 17.9% vs previous month
Websites whose visitors overlap most with Rain. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
xinsheng.huawei.com | xinsheng.huawei.com | 100% | – | ||
console.aliyun.com | console.aliyun.com | 100% | – | ||
net130.com | net130.com | 100% | – | ||
| techcentral.co.za | 99% | 322.6K | #179,621 | View details | |
| wallpapershome.com | 99% | 391K | #82,730 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 21 similar websites and full traffic analytics for Rain
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- 21 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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Related news about Rain
Complete news archive for Rain
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Frequently Asked Questions about Rain
Rain was founded in 2017.
Rain is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Joseph Dallago is the CEO of Rain, as recorded in our data. They have also founded this 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 Seed of $975K, raised on Oct 2017.
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.
Rain has 20 investors. Key investors include Coinbase, Compound, Kleiner Perkins, BitMEX, and Abdul Latif Jameel.
The website of Rain receives about 106 thousand visits a month.