Total amount raised
$51 Millions
Latest funding date
03/01/2025
Location
Grain has successfully raised $51 million over two funding rounds, with $18 million from a Seed round and $33 million from a Series A round. The platform offers an embedded FX hedging solution designed to provide cost savings, certainty, and sales growth through a cross-currency solution.
Keep reading to explore the intricacies of Grain's fundraising journey and the investors backing this innovative platform.
What Is Grain?
Grain is a fintech company founded in 2022 and based in Tel Aviv, Israel. The company operates in the financial exchanges, financial services, and fintech industries. It specializes in developing exposure analysis, self-service, and embedded FX solutions to eliminate risk for customers.
Founded by Nir Galon, Grain has a team of 11-50 employees. The company aims to provide cost savings, certainty, and sales growth through its cross-currency solutions. Grain's services are tailored for various industries, including travel platforms, supply chain, payment providers, and marketplaces.
How Much Funding Has Grain Raised?
- Seed Round
- Amount Raised: $18,000,000
- Date: January 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to develop the core technology and establish the company’s operations.
- Series A Round
- Amount Raised: $33,000,000
- Date: March 2025
- Lead Investors: Bain Capital Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development, double the workforce, and expand into new industries such as travel, payments, and AP/AR software.
Total amount raised: $51,000,000. Current valuation: Not publicly disclosed.
Key Investors
- Bain Capital Ventures
- Details: Bain Capital Ventures is a leading venture capital firm that invests in early to growth-stage companies across various sectors. They led the $33 million Series A funding round for Grain.
- Investment Focus Areas: Technology, healthcare, financial services, industrial sectors
- Notable Investments: LinkedIn, DocuSign, Jet.com
- Aleph
- Details: Aleph is a venture capital firm that partners with Israeli entrepreneurs to build large, meaningful companies. They participated in both the Series A and Seed funding rounds for Grain.
- Investment Focus Areas: Early-stage technology companies
- Notable Investments: Lemonade, Houseparty, WeWork
- Vesey Ventures
- Details: Vesey Ventures is a venture capital firm focused on investing in fintech and other technology-driven sectors. They have been involved in both the Series A and Seed funding rounds for Grain.
- Investment Focus Areas: Fintech, technology-driven sectors
- Notable Investments: Not publicly disclosed
- Hanaco Ventures
- Details: Hanaco Ventures is a venture capital firm that invests in innovative technology companies. They participated in both the Series A and Seed funding rounds for Grain.
- Investment Focus Areas: High-growth technology companies
- Notable Investments: Via, Yotpo, Moovit
- Aerion Partners
- Details: Aerion Partners is one of the investors in Grain. Specific details about Aerion Partners are not provided in the sources.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
What's Next for Grain?
Grain is poised to capitalize on the vast opportunities in the global market for cross-border transactions, which exceed $150 trillion annually. By embedding AI-driven FX optimization directly into sales and payment platforms, Grain aims to mitigate currency fluctuation risks and drive higher sales conversions. The company is expanding into industries such as travel, payments, and AP/AR software, leveraging its technology to provide automated, real-time FX management solutions.
With the successful Series A funding round and plans to double its workforce, Grain is well-positioned for future growth. The significant investment from Bain Capital Ventures and other investors suggests potential for additional fundraising rounds to support further expansion and technological advancements. However, Grain will need to navigate challenges such as integrating its solutions into diverse B2B platforms and competing with other fintech companies offering similar services.
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