Rain is a developer of a financial platform designed to provide a source of cash for managing finances before payday. The company's platform seeks to strealime the process of integration with existing payroll systems and provides up to half of the earned wage on-demand for a small fee similar to an ATM fee, aiming to enable businesses to provide their employees with an alternative source for cash and avoid payday loans.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
03/21/2023 | Series A-2 | $10MM | $xx.xx | $246.3MM | Dreamers Vc, Invus Opportunities, Qed Investors, Sound Point Capital Management, Tribe Capital, Wndrco | |
Price per Share
$xx.xx
Shares Outstanding
2,139,666
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Dreamers Vc, Invus Opportunities, Qed Investors, Sound Point Capital Management, Tribe Capital, Wndrco
|
||||||
03/21/2023 | Series A-1 | $42MM | $xx.xx | $246.3MM | Dreamers Vc, Invus Opportunities, Qed Investors, Sound Point Capital Management, Tribe Capital, Wndrco | |
Price per Share
$xx.xx
Shares Outstanding
5,604,165
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Dreamers Vc, Invus Opportunities, Qed Investors, Sound Point Capital Management, Tribe Capital, Wndrco
|
||||||
12/15/2020 | Series Seed-2 | $8.58MM | $xx.xx | $45.71MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
4,011,675
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
08/01/2019 | Series Seed | $4MM | $xx.xx | $11.43MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
5,599,886
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|