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The AlleyWatch Startup Daily Funding Report: 8/28/2025

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The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 8/28/2025 featuring funding details for Rain and much more. This page will be updated throughout the day to reflect any new fundings.

Rain – $58M Series B

FINTECH

Rain, a global stablecoin infrastructure platform, has raised $58M in Series B funding led by Sapphire Ventures. Founded by Farooq Malik and Charles Yoo-Naut in 2021, Rain has now raised a total of $82.5M in reported equity funding.

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Tags: Charles Yoo-NautFarooq MalikRainSapphire Ventures
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