{"id":57883,"date":"2022-02-16T13:09:48","date_gmt":"2022-02-16T11:09:48","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=57883"},"modified":"2025-09-04T13:58:51","modified_gmt":"2025-09-04T10:58:51","slug":"rainbow-an-ethereum-wallet-raises-18-million-in-series-a","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/rainbow-an-ethereum-wallet-raises-18-million-in-series-a\/","title":{"rendered":"Rainbow, an Ethereum wallet, raises $18 million in Series A"},"content":{"rendered":"<p>The Rainbow startup behind Ethereum wallet has announced it has raised $18 million in a Series A funding round. It was led by venture firm Seven Seven Six, co-founded by Reddit co-founder Alexis Ohanian, <a href=\"https:\/\/www.theblockcrypto.com\/linked\/134298\/rainbow-raise?utm_source=rss&#038;utm_medium=rss\">The Block<\/a> reports.<\/p>\n<p>The app lets users buy cryptocurrencies with fiat, interact with <span data-descr=\"decentralized applications\" class=\"old_tooltip\">dapps<\/span> and invest in tokens through <span data-descr=\"decentralized exchange\" class=\"old_tooltip\">DEX<\/span>. The company is oriented toward mobile platforms, placing particular emphasis on wallet interface design for user convenience.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;There is still a lot of unnecessary complexity in the Web 3.0 user interface. Rainbow aims to remove it by simplifying where possible and educating users in other cases. There is a lot of work to do,&#8221; said co-founder and CEO Christian Boroni.<\/p>\n<\/blockquote>\n<p>Ohanian said that it was the team&#8217;s focus on design convinced them to invest in the wallet.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Please help up welcome investment #0038 <a href=\"https:\/\/twitter.com\/rainbowdotme?ref_src=twsrc%5Etfw\">@rainbowdotme<\/a> \ud83c\udf08<\/p>\n<p>Rainbow is the easiest, and most fun introduction to the world of Web3, crypto, and NFTs <a href=\"https:\/\/t.co\/B5f62BCIdA\">pic.twitter.com\/B5f62BCIdA<\/a><\/p>\n<p>\u2014 7\ufe0f\u20e37\ufe0f\u20e36\ufe0f\u20e3 (@sevensevensix) <a href=\"https:\/\/twitter.com\/sevensevensix\/status\/1493588123506417669?ref_src=twsrc%5Etfw\">February 15, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Among other participants in the round were: Thirty Five Ventures, Bloom Investment Holdings, Hyperguap, Uncommon Projects Capital and Y Combinator.<\/p>\n<p>The raised funds will be directed toward expanding the app&#8217;s features, including the integration of a swaps aggregator to offer users the most favorable asset-exchange options.<\/p>\n<p>In January, the developers of the Solana-based crypto wallet Phantom <a href=\"https:\/\/forklog.com\/en\/news\/phantom-wallet-raises-109-million-in-series-b-funding\">raised $109 million<\/a> in a Series C funding round.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Rainbow startup behind Ethereum wallet has announced it has raised $18 million in a Series A funding round. It was led by venture firm Seven Seven Six, co-founded by Reddit co-founder Alexis Ohanian, The Block reports.<\/p>\n","protected":false},"author":1,"featured_media":57884,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1133,57],"class_list":["post-57883","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-venture-investments","tag-wallets"],"aioseo_notices":[],"amp_enabled":true,"views":"70","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/57883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=57883"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/57883\/revisions"}],"predecessor-version":[{"id":57885,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/57883\/revisions\/57885"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/57884"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=57883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=57883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=57883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}