Rain: Funding, Investors & Team (Sep 2026)
Rain is an operator of digital currency exchange and custodian intended to make digital transactions. Rain is a regulated cryptocurrency exchange operating in the Middle East. It was founded in 2017 and is based in Manama, Al Manamah, Bahrain.
Rain has raised $185M across 2 funding rounds on record, the most recent a Series B of $110M announced in Jan 2022.
That round is above the $14M median round size for Financial Services companies tracked on FundedIQ over the last two years.
Rain Company Profile and Key Stats
Latest funding round on record: Jan 2022.
Rain Funding Rounds
Rain raised $75.0M in an undisclosed round announced in Nov 2021.
2 months later, a Series B of $110M was announced in Jan 2022.
Rain Founders and Leadership Team
Contact details for the Rain team: 1 of 1 has an email address on file.
Start 14-day free trial →Rain Funding Compared to Other Financial Services Startups
Rain's latest round of $110M is above the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.
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Rain Funding FAQs
What does Rain do?
Rain is an operator of digital currency exchange and custodian intended to make digital transactions. Rain is a regulated cryptocurrency exchange operating in the Middle East. It was founded in 2017 and is based in Manama, Al Manamah, Bahrain.
How much funding has Rain raised?
Rain has raised $185M across 2 rounds on record. The most recent is a Series B of $110M announced in Jan 2022.
When did Rain last raise funding?
Rain's most recent funding round on record is a Series B of $110M, announced in Jan 2022.
Who is the CEO of Rain?
Joe Dallago is listed as CEO at Rain.
Where is Rain headquartered?
Rain is based in Manama, Al Manamah, Bahrain.
How many employees does Rain have?
Rain is in the 251-500 employee band.
How does Rain's funding compare to other Financial Services startups?
Rain's latest round of $110M is above the $14M median round size for Financial Services companies on FundedIQ across 5,745 tracked companies over the last two years.
About FundedIQ's Rain Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Rain is left off this page rather than filled in.
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