Rain (New York)

Financial Software · New York, NY · Founded 2021 · Privately Held (backing)

Developer of a noncustodial wallet designed to help users spend their crypto without a centralized exchange. Rain (New York) is based in New York, NY and was founded in 2021. It was valued at $1.9 billion at its later-stage round in Jan 2026, the last priced event on record. It has raised $338 million across 1 recorded round; the latest was a $250 million Series C in Jan 2026.

PMV mark · valuation
$1.9B
Oct 2026
Priced at
its later-stage round
Jan 2026
Total raised
$338.4M
Last round
Later Stage VC (Series C)
Jan 2026

Rain (New York) key facts

as of Oct 2026
  • Developer of a noncustodial wallet designed to help users spend their crypto without a centralized exchange.
  • Rain (New York) is valued at approximately $1.9B as of Oct 2026, set at its later-stage round, Jan 2026; nothing has traded since, per PrivateMarketView’s mark.
  • It has raised $338.4M across 1 recorded rounds; the latest was Later Stage VC (Series C) ($250.0M) in Jan 2026.
  • Notable investors include Khosla Ventures, Lightspeed Venture Partners, Bessemer Venture Partners, Endeavor Catalyst, Coinbase Ventures — 41 tracked in total.
  • Status: Privately Held (backing).
PrivateMarketView mark
MEDIUM confidence
$1.9B

Valued at $1.9B at its later-stage round, Jan 2026. Nothing has traded since.

set by its last priced roundas of Oct 2026question about this number?
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Rain (New York) funding rounds

1 rounds
Jan 2026Later Stage VC (Series C)$250.0M▮

Rain (New York) valuation

Rain (New York) was valued at $1.9 billion at its later-stage round in Jan 2026. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

How much has Rain (New York) raised?

Rain (New York) has raised $338 million in total; 1 of its rounds is on record. The largest on record was a $250 million Series C in Jan 2026.

Rain (New York) investors

41 investors are on record for Rain (New York), including Khosla Ventures, Lightspeed Venture Partners, Bessemer Venture Partners and Endeavor Catalyst. By type, the record holds 12 venture capital firms and 1 family office. The Series C in Jan 2026 drew 9 investors.

Who runs Rain (New York)

2 people are listed on the Rain (New York) team: 2 board members. 2 of them have a verified direct contact on file.

Comparable companies

Comparable financial software names by valuation on PrivateMarketView: Clip ($2 billion), Flex ($1.9 billion) and Rain (Financial Software) ($1.9 billion).

About Rain (New York)

Developer of a noncustodial wallet designed to help users spend their crypto without a centralized exchange. The company's wallet leverages a vertically integrated issuing stack focused on global services to allow users to access their funds at all times and spend the balance, enabling startups to access corporate capital wherever they are and drive the adoption of digital money.

Industry
Financial Software
Sector
Information Technology
HQ
New York, NY, United States
Founded
2021
Employees
100
Website
rain.xyz/
Ownership
Privately Held (backing)

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