Catenaa, Saturday, March 08, 2025-Raise, a blockchain-based payment and gift card company, has secured $63 million in a fresh funding round, bringing its total capital raised to over $220 million.
The round was led by Haun Ventures, with additional backing from investors such as Amber Group, Anagram, Blackpine, Borderless Capital, GSR, Karatage, Paper Ventures, Pharsalus Capital, Selini Capital, Sonic Boom Ventures, and the Web3 Foundation.
Raise plans to use the funding to expand its blockchain-powered gift card program, Smart Cards, and enhance its blockchain payment solutions.
The company’s CEO and Founder, George Bousis, expressed confidence in the timing of the initiative, saying that advancements in blockchain technology and regulatory clarity have removed previous barriers for the gift card industry.
The firm has also expanded its blockchain payment capabilities through a partnership with the Polkadot Community Foundation, integrating into the DOT Wallet.
Raise has also added support for leading digital wallets such as MetaMask, Phantom, and Coinbase Wallet in August 2024, in collaboration with WalletConnect.
Raise’s continued development of blockchain-based solutions underscores the growing integration of decentralized technology in traditional industries like payments and consumer products.
