Rain Raises $250M Series C; BlackOpal Bags $200M

Rain leads a $250M Series C valued at about $1.95B, while BlackOpal secures $200M to expand LATAM payments, as crypto funding totals $763.5M across six deals.

Rich by Coin

2026-01-10

Rain led the week with a $250 million Series C, valuing the stablecoin platform at about $1.95 billion. Across six deals, the week totaled $763.5 million in cryptocurrency funding. The round was led by ICONIQ, with participation from Sapphire Ventures, Dragonfly, Bessemer Venture Partners, Galaxy Ventures, FirstMark, Lightspeed, Norwest, and Endeavor Catalyst. Overall weekly funding surpassed $338 million.

BlackOpal secured $200 million in an undisclosed round led by ICONIQ, with participation from Sapphire Ventures, Dragonfly, Bessemer Venture Partners, Galaxy Ventures, FirstMark, Lightspeed, Norwest, and Endeavor Catalyst. The investment supports expansion of LATAM payments.