Industry Newsroom

Rain Secures USD2.5 Million Seed Round from 500 Startups, Vision Ventures, and Blockwater

Rain, a Bahrain-based cryptocurrency exchange platform, has secured a USD2.5 million seed funding round from venture investors 500 Startups and Blockwater; corporate investors BitMEX, Vision Ventures, Taibah Valley, CMT Digital, and Compound.finance; and a number of high-net-worth individuals. The company, which recently obtained its Crypto-Asset Module license from the Central Bank of Bahrain, plans to utilize the funding to improve its platform.