Funding round
Rain Growth
Reported as "Growth Equity"
Rain, which works in financial health platform development in Nashville, raised $300M in a Growth round announced on 5 Feb 2024. 1 firm took part. It is Rain's second venture round on record; the one before was a Series A in Mar 2023.
$300M
Amount raised
Not disclosed
Post-money valuation
1
Investors
no lead named
Valuation
What this round says about the price
Rain did not disclose a valuation in this round. It came 11 months after Rain's Series A. It is 68% of the $441M Rain has raised in the venture rounds on record. Rain raised again 14 months later: a Series B round of $75M in Apr 2025, at $340M post-money.
Investors
Who put money in
1 firm took part; no lead investor was named.
Investors
- Clear Haven Capital Management new investor
Comparable rounds
How it compares
362 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was 6.7 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 1 Feb 2024 | $112M | not disclosed | Livsquare Capital |
| Tech Companies | 1 Feb 2024 | $110M | not disclosed | Kartesia and CVI |
| Tech Companies | 12 Feb 2024 | $102M | $1.00B | General Catalyst |
| Tech Companies | 7 Feb 2024 | $72M | not disclosed | Smith Point Capital |
| Tech Companies | 26 Feb 2024 | $65M | not disclosed | Hercules Capital |
| Tech Companies | 21 Feb 2024 | $57M | not disclosed | not named |
| Tech Companies | 1 Feb 2024 | $50M | not disclosed | Deerfield |
| Tech Companies | 9 Feb 2024 | $40M | not disclosed | Expedition Growth Capital |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Rain raise in its Growth round?
Rain raised $300M in its Growth round, announced in Feb 2024.
Which investors took part in Rain's Growth round?
Clear Haven Capital Management.
What was Rain's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
362 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was 6.7 times the median.
Did Rain raise again after this round?
Yes: a Series B round in Apr 2025 of $75M at $340M post-money.