Rainforest’s founder said the raise was ‘unusually quick,’ but now is the time to ‘put our foot on the gas and grow.’
Rainforest founder and CEO Joshua Silver (center) with two of the financial technology company’s lead investors, Jeremy Jonker of Infinity Ventures (left) and Matt Brown of Matrix Partners. (Courtesy of Chloe Jackman/Rainforest)
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.
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Mirtha Donastorg is a reporter on The Atlanta Journal-Constitution’s business team focusing on Black wealth, entrepreneurship, and minority-owned businesses as well as innovation at Atlanta’s HBCUs.
