About Rainbow
Rainbow is a company based in New York (United States) founded in 2019 by Jin Chung. It operates as a AI-as-a-Service. Rainbow has raised $21 million across 4 funding rounds from investors including Digital Currency Group and Seven Seven Six. Rainbow offers products and services including Rainbow Wallet, Rainbow Extension, and Rainbow Mobile. Rainbow operates in a competitive market with competitors including imToken, Bitget, Ripio, Phantom and Ultimate, among others.
- Headquarter New York, United States
- Founders Jin Chung
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Rainbow Studios, 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
$21 M (USD)
in 4 rounds
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Latest Funding Round
$18 M (USD), Series A
Feb 15, 2022
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Investors
Digital Currency Group
& 1 more
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Employee Count
Employee Count
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Products & Services of Rainbow
Rainbow offers a comprehensive portfolio of products and services, including Rainbow Wallet, Rainbow Extension, and Rainbow Mobile. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A secure wallet for managing cryptocurrencies and NFTs.
A browser tool for quick onchain actions.
A mobile app for onchain Ethereum access.
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Software Development Team
2 people
Leadership Team
1 people
Co Team
1 people
Merchandise Team
1 people
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Funding Insights of Rainbow
Rainbow has successfully raised a total of $21M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $18 million completed in February 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 4
- Last Round Series A — $18.0M
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First Round
First Round
(01 Jan 2020)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series A - Rainbow | Valuation | Seven Seven Six |
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| Oct, 2021 | Amount | Seed - Rainbow | Valuation |
investors |
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| May, 2020 | Amount | Token Sale - Rainbow | 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 Rainbow
Rainbow has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Digital Currency Group and Seven Seven Six. 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 fund focused on investing in technology startups
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Founded Year | Domain | Location | |
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Sector-agnostic incubator focused on blockchain 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 Rainbow
| 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 - Rainbow
| 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 |
Rainbow Comparisons
Competitors of Rainbow
Rainbow 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 imToken, Bitget, Ripio, Phantom and Ultimate, 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 |
Digital asset wallet for cryptocurrency exchange
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| domain | founded_year | HQ Location |
Provider of a community-based cryptocurrency and digital asset exchange
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| domain | founded_year | HQ Location |
Online reseller of Bitcoins
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| domain | founded_year | HQ Location |
Mobile app offering live fitness training & workout programs for the users
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| domain | founded_year | HQ Location |
Crypto wallet platform for decentralized finance navigation is offered.
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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 Rainbow
Frequently Asked Questions about Rainbow
When was Rainbow founded?
Rainbow was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Rainbow located?
Rainbow is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Rainbow a funded company?
Rainbow is a funded company, having raised a total of $21M across 4 funding rounds to date.
What does Rainbow do?
Rainbow is known for offering fun, powerful, and secure crypto wallets for everyday use. Solutions are provided for managing multiple wallets, NFTs, and cross-chain swaps across Ethereum and Layer 2 networks. Support is extended through browser extensions and mobile apps, ensuring accessibility and security. The focus is placed on user control over funds with no access to private keys by the company. A global support team is maintained for user assistance.
Who are the top competitors of Rainbow?
What products or services does Rainbow offer?
Rainbow offers Rainbow Wallet, Rainbow Extension, and Rainbow Mobile.
Who are Rainbow's investors?
Rainbow has 2 investors. Key investors include Digital Currency Group, and Seven Seven Six.
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