Funding round
Rain Series B
Rain, which works in financial health platform development in Nashville, raised $75M in a Series B round announced on 9 Apr 2025, led by Prosus, at a $340M post-money valuation. 5 firms took part, 3 of them already investors. It is Rain's third venture round on record; the one before was a Growth in Feb 2024.
$75M
Amount raised
$340M
Post-money valuation
$265M pre-money
5
Investors
1 lead
22%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Rain at $340M after the new money. The $75M bought investors about 22% of the company. It came 14 months after Rain's Growth. It is 17% of the $441M Rain has raised in the venture rounds on record. No later venture round is on record for Rain.
Investors
Who put money in
Prosus led the round with 4 other firms. Prosus, QED Investors and Invus had backed Rain before.
Lead investor
- Prosus backs 44 venture-backed companies existing investor
Also in the round
- backs 6 venture-backed companies new investor
- backs 12 venture-backed companies new investor
- QED Investors backs 160 venture-backed companies existing investor
- Invus backs 83 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
692 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $32M, and this round was 2.3 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 16 Apr 2025 | $100M | $500M | Altimeter |
| Tech Companies | 23 Apr 2025 | $93M | not disclosed | DFJ Growth |
| Tech Companies | 28 Apr 2025 | $70M | not disclosed | Accel and Insight Partners |
| Tech Companies | 23 Apr 2025 | $65M | not disclosed | Morgan Stanley |
| Tech Companies | 10 Apr 2025 | $62M | not disclosed | Insight Partners |
| Tech Companies | 30 Apr 2025 | $60M | not disclosed | Sapphire Ventures |
| Tech Companies | 8 Apr 2025 | $50M | not disclosed | Spark Capital |
| Tech Companies | 22 Apr 2025 | $50M | not disclosed | Key1 Capital |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Rain raise in its Series B round?
Rain raised $75M in its Series B round, announced in Apr 2025.
Who led Rain's Series B round?
Prosus led it, with Nextalia Investment Management, Spark Growth Ventures, QED Investors and Invus.
What was Rain's valuation at the Series B round?
$340M post-money ($265M pre-money).
How does it compare with other Series B rounds in Tech Companies?
692 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $32M, and this round was 2.3 times the median.