Rain raised $250 million by securing $613.5 million from 10 projects.

Compiled by: Jinse Finance

Largest Funding Round This Week

Rain raised $250 million in its Series C funding round, with investors including ICONIQ Capital*, Sapphire Ventures, Dragonfly Capital, Bessemer Venture Partners, Galaxy Digital, FirstMark, Lightspeed, Norwest Venture Partners, and Endeavor Catalyst.

Rain is a blockchain-based card issuance and stablecoin interoperability platform for Web3 teams, DAOs, and protocols. As a "business card" for Web3, Rain enables seamless digital asset payments and fee management by allowing the platform to issue customizable, globally usable payment cards. The platform simplifies financial operations, providing next-generation decentralized organizations with modern fintech tools to empower their efficient operation.

Jpeg has raised an undisclosed amount in an angel round of funding from investors including Kartik Talwar, Scott Moore, Sandra Leow, and Cindy Leow.

Jpeg is a Web3 native social prediction game where users bet on photos, competing to place the highest bets and win a prize pool. The product revolves around on-chain betting and community engagement, combining social media interaction with prediction market mechanisms. Initially a pixelated NFT platform, Jpeg has evolved into an experimental Web3 product focused on fun, social interaction, meme culture, and gamified speculation. The platform utilizes blockchain infrastructure components such as tokenized betting, transparent liquidity pools, and on-chain settlement to create a lightweight and engaging experience at the intersection of culture and crypto.

Jpeg