Crypto VC Funding: Rain secures $250 million, BlackOpal bags $200 million
News
With $763.5 million in cryptocurrency funding spread across six projects, the first full week of 2026 got off to a great start thanks to Rain’s $250 million Series C round.
Summary
- Rain led the week with a $250M Series C, valuing the stablecoin firm at $1.95B.
- BlackOpal and Tres Finance together added $330M via funding and M&A activity.
- Bitcoin infrastructure projects like Babylon and ZenChain also secured new capital.
According to Cryptofundraising data, the following summarizes this week’s cryptocurrency funding activity:
Rain
- Raised $250 million in a Series C round
- Fully diluted valuation of $1.95 billion
- Rain is a blockchain-based card issuing and stablecoin platform
- Investment was led by ICONIQ
- Other investors include Sapphire Ventures, Dragonfly, Bessemer Venture Partners, Galaxy Ventures, FirstMark, Lightspeed, Norwest, and Endeavor Catalyst
- Total funding exceeds $338 million
- Comes four months after Series B and ten months after Series A
BlackOpal
- BlackOpal secured $200 million in an unknown round
- The project is LATAM’s global payments finance platform
- Investment was backed by Mars
Tres Finance
- Acquired for $130 million through M&A
- Tres Finance is a crypto accounting and taxation reporting platform
- Acquired by Fireblocks
- The project has raised $148.6 million so far
Babylon
- Raised $15 million in an Unknown round
- Backed by AI6Z
- Babylon is a Bitcoin staking infrastructure project
- The project has raised $103 million so far
HabitTrade
- Secured $10 million in a Series A round
- Investors include Newborn Town and StableStock
- HabitTrade is a financial services platform
ZenChain
- Raised $8.5 million in an unknown round
- ZenChain is an EVM-compatible Bitcoin Layer 1
- Backed by Watermelon, DWF Labs, and Genesis Capital
