About Rainbow
Rainbow is a company based in San Francisco (United States) founded in 2021 by Shalom Yiblet, Bobby Touran, and Jamie Hankinson.. Rainbow has raised $36.97 million across 3 funding rounds from investors including Arch Capital Group, Zigg Capital and Caffeinated Capital. Rainbow offers products and services including BOP Insurance, Excess Coverage, and Rainbow Rewards. Rainbow operates in a competitive market with competitors including Trellis, Belay, Centinel, Rainvow and MBA Insurance, among others.
- Headquarter San Francisco, United States
- Founders Shalom Yiblet, Bobby Touran, Jamie Hankinson
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Rainbow Mga Insurance Agency, 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
$36.97 M (USD)
in 3 rounds
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Latest Funding Round
$8 M (USD), Series A
Jan 15, 2025
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Investors
Arch Capital Group
& 6 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 BOP Insurance, Excess Coverage, and Rainbow Rewards. 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.
Policy covering property and liability for small businesses
Additional protection for high-risk business operations
Rewards program for safe business practices and premiums
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Funding Insights of Rainbow
Rainbow has successfully raised a total of $36.97M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $8 million completed in January 2025. 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 3
- Last Round Series A — $8.0M
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First Round
First Round
(10 Jan 2024)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Series A - Rainbow | Valuation | Zigg Capital |
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| Aug, 2024 | Amount | Series A - Rainbow | Valuation |
investors |
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| Jan, 2024 | Amount | Seed - Rainbow | Valuation | Caffeinated Capital , Altai Ventures |
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| 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 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Arch Capital Group, Zigg Capital and Caffeinated Capital. 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 multiple sectors
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Founded Year | Domain | Location | |
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A venture firm based in San Francisco and New York, investments are made in technology companies.
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Founded Year | Domain | Location | |
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Altai Ventures is engaged in venture capital investments.
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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 Trellis, Belay, Centinel, Rainvow and MBA Insurance, 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 |
Online platform for property and casualty insurance products is operated.
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| domain | founded_year | HQ Location |
Provider of insurance for publicly traded US stocks
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| domain | founded_year | HQ Location |
Customizable claims-free coverage is provided for hard-to-insure risks.
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| domain | founded_year | HQ Location |
Provides a smart contracts platform for insurance solutions.
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| domain | founded_year | HQ Location |
Offers insurance solutions for vehicle rentals like RVs and powersports.
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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 2021 and raised its 1st funding round 3 years after it was founded.
Where is Rainbow located?
Rainbow is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Rainbow?
Bobby Touran is the current CEO of Rainbow. They have also founded this company.
Is Rainbow a funded company?
Rainbow is a funded company, having raised a total of $36.97M across 3 funding rounds to date. The company's 1st funding round was a Seed of $12M, raised on Jan 10, 2024.
What does Rainbow do?
Rainbow was founded in 2021 and is headquartered in San Francisco, United States. Operations focus on the insurance sector, specifically providing property and casualty coverage tailored to the food service industry. Services include pay-as-you-go policies, loss control surveys, and connections to advisors. Coverages encompass property, equipment breakdown, general liability, and additional options designed for restaurant operations.
Who are the top competitors of Rainbow?
What products or services does Rainbow offer?
Rainbow offers BOP Insurance, Excess Coverage, and Rainbow Rewards.
Who are Rainbow's investors?
Rainbow has 7 investors. Key investors include Arch Capital Group, Zigg Capital, Caffeinated Capital, Altai Ventures, and 8VC.