Web3 Startup Rain Closes $6 Million Seed Round with Coinbase Ventures and Others

Web3 startup Rain has closed a $6 million seed round led by Lightspeed Venture Partners with participation from Coinbase Ventures, Uniswap Labs and Terraform Labs. The funds raised will be used to provide corporate credit cards for decentralized autonomous organizations (DAOs). Rain aims to facilitate the growth of DAOs by providing them with enterprise credit cards and expense management tools.