When was Rain founded?

Rain was founded in 1996 and raised its 1st funding round 21 years after it was founded.

Where is Rain located?

Rain is headquartered in Johannesburg, South Africa.

How many employees does Rain have?

As of Sep 30, 2026, the latest employee count at Rain is 560.

Is Rain a funded company?

Rain is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on Jul 31, 2017.

How much is Rain worth?

The last known valuation of Rain was $***** as of Sep 16, 2021.

When was the latest funding round of Rain?

Rain's latest funding was a $***** Series A round on Jul 31, 2017, with participation from 1 investor.

Where does Rain rank among its competitors?

Rain ranks 300th amongst 3706 active competitors, of which 53 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was SK Telecom, which secured $2.2B in Aug, 2026.

Who are the top competitors of Rain?

Rain's top competitors include T-Mobile, MTN and AT&T. Among them, SK Telecom secured the most recent funding round in August, 2026.

Rain - 2026 Company Profile, Team, Funding & Competitors

Company Details

Website: www.rain.co.za/
Social
Email ID: *****@rain.co.za

Key Metrics

Founded Year

1996

Location

Johannesburg, South Africa

Stage

Acquired

Latest Funding Round

Series A, Jul 31, 2017, $*****

Last Known Valuation

$***** as on Sep 16, 2021

Investors

ARC Investments & 2 more

Ranked

300^th among 3706 active competitors

Employee Count

560 as on Sep 30, 2026

Similar Companies

T-Mobile & 4176 more

Exit Details

Acquired by Multisource Telecoms (Pty) Ltd (Jun 01, 2015)

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Rain got acquired by Multisource Telecoms (Pty) Ltd on Jun 01, 2015.

Click here to take a look at Rain's acquisition in detail

Rain has raised funding over 1 round. Its latest funding round was a Series A round on Jul 31, 2017 for $*****. 1 investor participated in its latest round. Rain has 3 institutional investors.

Here is the list of recent funding rounds of Rain:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 31, 2017	6109643	Series A	6062622	6884953	5728804	4380776

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View details of Rain's funding rounds and investors

The founders of Rain is Brandon Leigh. Conrad Leigh and Duncan Simpson-Craib are the CEOs of Rain.

Here are the details of Rain's key team members:

Brandon Leigh: Founder of Rain.
Contact Info: 1 email address

View details of Rain's Founder profiles and Board Members

Rain's employee count trend

Rain has 560 employees as of Sep 26. Here is Rain's employee count trend over the years:

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Top competitors of Rain include T-Mobile, MTN and AT&T. Here is the list of Top 10 competitors of Rain, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	T-Mobile 1994, Bellevue (United States), Public	Provider of mobile telecommunication services	-	Alcor Fund, Commerzbank & 16 others	82/100
2nd	MTN 1994, Fairland (South Africa), Public	Provider of mobile network services	$7.05M	Barclays Bank of Uganda, KCB Group & 38 others	81/100
3rd	AT&T 1876, Dallas (United States), Public	Provider of wireless and internet services	-	J.L. Bainbridge & Company, Elliott Management ... & 13 others	79/100
4th	SK Telecom 1984, South Korea, Public	Provider of integrated telecommunication services	-	UBS, HSBC & 5 others	78/100
5th	SoftBank 1986, Tokyo (Japan), Series A	Company that offers mobile phones, internet, and clean energy services	$8.99M	Yahoo Japan, Red Badge Management	78/100
6th	Verizon 1983, New York City (United States), Public	Provider of wireless, internet, TV, and phone services	-	Gibson Wealth Advisors, Morton Brown Family Wealth ... & 17 others	78/100
7th	Telecom Italia 1994, Rome (Italy), Public	Integrated telecom service provider	-	Elliott Management, CDP Equity & 3 others	78/100
8th	Optus 1981, North Ryde (Australia), Acquired	Provider of mobile internet services for home and offices	$19.7M	Australian Wildlife Conservancy, Temasek	77/100
9th	Telus 1990, Vancouver (Canada), Public	Integrated telecom and IPTV services provider	-	CIBC, RBC Capital Markets & 2 others	77/100
10th	Vodafone 1982, Newbury (United Kingdom), Public	Virtual card-linked wallet for consumer payments	-	Coast Capital, Elliott Management & 12 others	77/100
300th	Rain 1996, Johannesburg (South Africa), Acquired	Provider of mobile network and wireless internet services	-	Ata Capital, ARC Investments & 1 others	53/100