Haun Ventures leads $63 million funding round for payment firm Raise to grow out blockchain-based gift cards
Quick Take
- Haun Ventures led the round, which saw additional support from Amber Group, Anagram, Blackpine, Borderless Capital, GSR, Karatage, Paper Ventures and other investors.
- Raise intends to use its financing to develop its blockchain-based gift card program called Smart Cards.
The blockchain-based payment and gift card firm Raise obtained $63 million in a fresh financing round, bringing the firm's total funding past $220 million.
Haun Ventures led the round, which saw additional support from Amber Group, Anagram, Blackpine, Borderless Capital, GSR, Karatage, Paper Ventures, Pharsalus Capital, Selini Capital, Sonic Boom Ventures, the Web3 Foundation and several angel investors, according to a Wednesday company release.
Raise intends to use the funds to develop its blockchain-based gift card program called Smart Cards, among other endeavors.
"Having been involved in blockchain and crypto since its early days, we waited for the right regulatory framework and the technological maturity to support a fully reconfigured, on-chain gift card industry," said Raise CEO and Founder George Bousis in a statement. "That time is now – the barriers that once existed are no longer obstacles."
Raise has already moved to expand into blockchain payment industry through its partnership with the Polkadot Community Foundation to integrate into the DOT Wallet. In addition, the firm added support for MetaMask, Phantom, Coinbase Wallet and other high-profile digital wallets through its WalletConnect partnership in August 2024, The Block previously reported.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
