Oryon
Portfolio indexActive · Series A · 2022
ActiveConsumer crypto apps

Rainbow

CategoryWallet · Consumer
HeadquartersDistributed
FoundersMike Demarais, Christian Baroni
— Overview

Rainbow is the design-forward Ethereum wallet that pioneered a consumer-friendly aesthetic in a category dominated by developer-facing UX. The wallet supports Ethereum, Base, Optimism, Polygon, Arbitrum, and Zora with a native swap flow.

The team has consistently shipped the highest bar for wallet visual design and interaction quality in the industry, which has translated into strong retention and a distinctive brand position among users who care about aesthetics.

Rainbow's browser extension and iOS/Android apps together serve 4M+ users, with a rapidly growing NFT trading and collection surface built into the core experience.

— By the numbers
4M+
Users
6
Chains
$2.4B
Swap volume
2019
Founded
— Investment
Round
Series A 2022
Our role
Lead
Check size
$7M
Co-investors
Seven Seven Six · Index Ventures
— Our thesis

The most design-forward wallet in a category that has ignored design. We led the Series A on the belief that consumer wallets win on taste.

— Team
MD

Mike Demarais

CEO & Co-Founder
CB

Christian Baroni

Co-Founder
AT

Alexey Tsalolikhin

CTO
KY

Karma Yeshi

Head of Design
— Timeline
  1. 2019Founded by Mike Demarais and Christian Baroni
  2. Q1 2022Oryon leads Series A
  3. Q3 2023Browser extension launch
  4. Q2 20254M user milestone
— Latest update

4M+ users across mobile and extension. Multi-chain rollout complete.

— In the press

Rainbow proves that design taste is a valid moat in crypto.

Sifted, 2024