Rainforest Startup: Atlanta Raises $58M in Two Years

In just two years, Joshua Silver has seen the fortunes of his financial technology startup, Rainforest, skyrocket, raising nearly $58 million over that short span of time.

In 2023, the fledgling company raised $8.5 million in equity seed funding. Less than a year later, investors poured in $20 million in a Series A round. Now, Rainforest said Monday those same funders have invested another $29 million in what’s known as a Series B round, in which a company has matured well beyond the startup phase.

Rainforest’s founder said the raise was ‘unusually rapid,’ but now is the time to ‘put our foot on the gas and grow.’Silver Last, June 1001

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