Crypto VC Surge: Rain Bags $58M, OrangeX Nets $20M to Power Growth
โข ๐ต Rain raised $58 million in Series B funding, led by Sapphire Ventures and supported by Dragonfly, Galaxy, and more.
โข ๐ The firm assists companies in using stablecoins for payments, payroll, and cards and is already serving 1.5B+ users through a single API.
โข ๐ณ Being a Visa Principal Member, Rain enables businesses to make payments in stablecoins in over 150 countries, and now will be expanding in Europe, Middle East, Africa, and Asia.
โข ๐ OrangeX, a 2021-founded crypto exchange, has secured $20M in Series B funding led by Kryptos, taking its overall funding to $30M.
โข ๐ Trust and compliance-based exchange, licensed in Europe, the U.S., and elsewhere, and employs Proof of Reserves to ensure all user funds are entirely backed.
โข โก With 6M monthly users and ranking #35 worldwide in derivatives trading, OrangeX will utilize the capital to scale infrastructure, recruit teams, and build globally.
๐ Big Picture: Crypto VC Funding
โข Both OrangeX and Rain demonstrate that investors are supporting crypto companies with tangible infrastructure and compliance orientation.
โข ๐ Once again Crypto VC funding increased by reaching $13.6B in 2024, and is set to cross over $18B in 2025.
โข ๐ This indicates that stablecoins and regulated exchanges are becoming the primary drivers of the next major crypto expansion.