# Rail

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rail

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.rail.io/
- Total disclosed funding: $15M
- Latest round: Series A (Jul 31, 2024)
- Investors on record: 4

## About

Founded in 2021 and based in Toronto, Canada, Layer2 Financial Inc., trading under the name Rail is a fintech company specializing in payments-as-a-service solutions that offers a secure and regulated platform that enables financial institutions to provide innovative digital financial products to their customers. In August 2025, Ripple Labs Inc., a portfolio company of Accenture Technology Ventures, AME Cloud Ventures, Andreessen Horowitz, Avant Global, Camp One Ventures, China Growth Capital, CME Group Inc., Core Innovation Capital, CRCM Ventures, Digital Currency Group, Founders Fund, GV, Hinge Capital, IDG Capital, Lightspeed Venture Partners, Mouro Capital, Route 66 Ventures, RRE Ventures, SBI Holdings, SCB10X, Seagate Technology LLC, Standard Chartered Bank, Tetragon Financial Group, Tokentus Investment, Vast Ventures, and Wicklow Capital, agreed to fully acquire Rail from Accomplice, Galaxy Ventures, Sapphire Ventures, and Weekend Fund for USD 200 million.

## Funding rounds

- Series A, Jul 31, 2024, $15M — Sapphire Ventures, Galaxy Ventures, Accomplice, Weekend Fund

## Investors

- Sapphire Ventures (https://capitalatlas.ai/funds/sapphire-ventures) — Series A
- Galaxy Ventures — Series A
- Accomplice (https://capitalatlas.ai/funds/accomplice) — Series A
- Weekend Fund (https://capitalatlas.ai/funds/weekend-fund) — Series A