About Rainbow
Rainbow is a Financial Services company based in New York (United States) founded in 2019 by Jin Chung. Rainbow is recognized for providing secure crypto wallets. It operates on a AI-as-a-Service model. Rainbow has raised $21 million across 4 funding rounds from investors including Digital Currency Group and Seven Seven Six. Its website rainbow.me draws about 100 thousand monthly visits. Rainbow offers products and services including Rainbow Wallet, Rainbow Extension, and Rainbow Mobile. Its focus areas include Technology, Blockchain and Crypto Wallets. Its legal entity is RAINBOW STUDIOS, INC. Its competitors include Ripio and Conio; 2 of its 2 listed competitors have raised funding.
Company details
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.
- Headquarters New York, United States
- Founders Jin Chung
- SectorsFinancial Services
- Email••••••••
- Website rainbow.me
- Social LinkedIn X
- Legal Name Rainbow Studios, Inc
- Total Equity Funding$21M (USD)
in 4 rounds
- Latest Funding Round$18M (USD), Series A
Feb 2022
- InvestorsDigital Currency Group
& 1 more
Products & Services of Rainbow
Rainbow offers a comprehensive portfolio of products and services, including Rainbow Wallet, Rainbow Extension, and Rainbow Mobile.
A secure wallet for managing cryptocurrencies and NFTs.
A browser tool for quick onchain actions.
A mobile app for onchain Ethereum access.
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 $21M
- Total Rounds 4
- Last Round Series A — $18M
- First Round $1.5M
(Jan 2020)
- Investors Count 2
All 4 funding rounds of Rainbow 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 |
|---|---|---|---|---|---|
| Feb 2022 | $18M | Series A | – | Seven Seven Six | – |
| Oct 2021 | $1.5M | Seed | – | – | – |
| May 2020 | Token Sale | – | – | ||
| Jan 2020 | $1.5M | Seed | – | – | – |
2 investors in total: 2 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund focused on investing in technology startups | sevensevensix.com | Austin, United States | ||
Sector-agnostic incubator focused on blockchain startups | 2015 | dcg.co | Stamford, United States |
Investor details for Rainbow
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of Rainbow
5 people are tracked at Rainbow (2 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
Jin Chung | Co-Founder | Leadership |
Christian Baroni | Co-founder, CEO | Leadership |
Vishal Kumar | Merchandise Manager | Team |
Christopher Howard | Lead Software Engineer | Team |
Jackson Dame | Content Creator & Community Manager | Team |
Complete people profiles for Rainbow
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Timeline of Rainbow
3 dated milestones of Rainbow across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Rainbow is founded.
- Funding First funding round of $1.5M.
- Funding Latest funding round, Series A, of $18.0M.
Competitors of Rainbow
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ripio.com | 2013 | San Francisco, United States | $53.08M | 1 | Online reseller of Bitcoins | |
| conio.com | 2015 | San Francisco, United States | $20.82M | Digital wallet for Bitcoins |
Detailed competitors of Rainbow
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of Rainbow
The website of Rainbow (rainbow.me) receives about 99.7K visits a month.
- Monthly visits99.7K
▼ 6.7% vs previous month
Websites whose visitors overlap most with Rainbow. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
backpack.app | backpack.app | 100% | #314,651 | – | |
| ramp.network | 99% | 42.4K | #445,112 | View details | |
| zengo.com | 99% | 265.3K | #193,022 | View details | |
guarda.com | guarda.com | 99% | #272,881 | – | |
| dynamic.xyz | 66% | 74K | #489,725 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 10 similar websites and full traffic analytics for Rainbow
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- 10 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in Cryptocurrencies
3 companies that operate in the same segment as Rainbow (Cryptocurrencies) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | Boston, Massachusetts, United States | USD 1.51 B | USD 2.75 B | 1,533 | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | San Francisco, California, United States | USD 546.62 M | USD 7.18 B | 7,025 | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | 217 |
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Related news about Rainbow
Complete news archive for Rainbow
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Frequently Asked Questions about Rainbow
Rainbow was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Rainbow is headquartered in New York, United States. It is registered at New York, New York, United States.
Rainbow is a funded company, having raised a total of $21M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Jan 2020.
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.
Rainbow offers Rainbow Wallet, Rainbow Extension, and Rainbow Mobile.
Rainbow has 2 investors. Key investors include Digital Currency Group, and Seven Seven Six.
Rainbow operates through Rainbow Studios, Inc.