Raise Rail raises a $100M Series B led by Lux Capital

Capital formation on Solana

Raise a round.Release on milestones.

Create funding rounds, secure USDC commitments in program escrow, approve milestones and settle capital — on one institutional-grade platform.

Backed by Lux Capital and North Ridge Ventures

Search rounds, companies…5MO

Good evening, Maya

Capital, approvals and activity across everything you can see.

Total committed

$5.10M

Confirmed across visible rounds

Capital settled

$2.77M

$3.83M still in escrow

Active rounds

2

1 portfolio company

Pending approvals

1

Awaiting your input

Commitments

New confirmed commitments per month

MarAprMayJunJulAug

Capital deployment

Cumulative milestone releases

MarAprMayJunJulAug

Rounds

View all →

Meridian Series A

Meridian Systems

$4.5M / $4.5MFunded

Arcwell Growth Round

Arcwell Energy

$5.10M / $12.0MOpen

Northstar Seed

Northstar Compute

$1.8M / $1.8MFunded
committed through Raise Rail in the last year
$412M
rounds settled
126
median time to first close
9 days
of releases investor-approved
100%

Companies raising on Raise Rail

Meridian SystemsNorthstar ComputeArcwell EnergyHalcyon RoboticsCorelineAtlas FreightFairmont DataVantage Grid

One round.
One source of truth.

A financing today is scattered across email threads, spreadsheets, wire confirmations and a data room nobody trusts. Raise Rail replaces that with a single operating record: the terms, the commitments, the escrow balance, the approvals and every settlement — reconciled against the chain, visible to everyone who should see it and no one who shouldn't.

See how a round runs
01Commitments, not promises
An investor commitment is USDC in program escrow — countable, refundable under defined rules, and impossible to quietly walk back.
02Milestones, not blank checks
Capital releases against agreed milestones with evidence attached, so deployment tracks execution rather than optimism.
03A ledger both sides trust
Ownership units, approvals and releases derive from underlying records. Every headline number can be traced to its rows.
04History that cannot be edited
Requests, decisions and transfers append to an auditable activity record backed by on-chain events.

The round lifecycle

From term sheet to settled capital, in four controlled stages

Define the round and its release schedule

Set the target, minimum commitment and dates. Break the raise into milestones — each with a release amount, evidence requirements and an approval threshold. The schedule must account for every dollar before the round can open.

Round target
$4,500,000
Milestones
4 tranches
Approval threshold
60–66.7% of committed capital

For founders

Run the raise like an operator

Structure the round once, invite the investors you actually want, and watch commitments land in escrow in real time. When a milestone is done, submit the evidence and request release — approvals and settlement happen in the same place the round lives.

  • Six-step round builder with draft autosave
  • Milestone schedule validated to the dollar
  • Live investor table with allocations and wallets
  • Release requests with attached evidence

Meridian Series A · Milestones

$2.475M settled
1Initial close and working capital$1.35MReleased
2SOC 2 Type II and enterprise GA$1.13MReleased
3$2.4M ARR and 12 enterprise logos$1.13MUnder review
4Series B readiness$900KScheduled
Approval progress · milestone 358.9% of 66.7% required

North Ridge Ventures · Portfolio

Committed

$3.50M

Deployed

$1.27M

Pending votes

2

MS

Meridian Systems

Series A

$1.75M38.9%
AE

Arcwell Energy

Growth

$1.00M19.6%
NC

Northstar Compute

Seed

$750K41.7%
2 milestones awaiting your decision

For investors

Oversight that scales past the spreadsheet

Every position, commitment and pending decision in one professional dashboard. Review milestone evidence, cast capital-weighted approvals, and watch deployment against execution — with each release traceable to a transaction.

  • Portfolio allocation by company and sector
  • Milestones awaiting approval, surfaced first
  • Ownership units and capital-release history
  • On-chain transaction links for every settlement

Settlement

Escrow that answers to a program, not a person

Committed capital sits in a token account controlled by a program-derived address. No founder, investor or platform operator holds its key — transfers happen only when the program's rules are satisfied, and every material state change emits an event you can verify independently.

  • Program-controlled escrowreleases require an approved milestone, in order, within balance
  • Weighted approvals on-chainone decision per investor; weight equals escrowed capital
  • Verifiable historyevery deposit, decision and release emits an on-chain event
North RidgeLong HorizonMeridian SCEscrowPDA · no key66.7%approvalArcwellcompanycommit_fundsrelease_milestone_funds
Escrow balance6,600,000 USDC
commitments inreleases out — only past the approval gate

Security and controls

Built like the financial software it is

Read the security overview

Role-based authorization

Six roles from company owner to read-only reviewer, enforced in the service layer on every mutation.

Replay-proof sign-in

Single-use nonces, origin-bound messages and atomic consumption make signature replay impossible.

Idempotent money paths

Commitments, decisions and releases carry idempotency keys — a retried request can never double-move capital.

Server-side validation

Balances, thresholds and roles are never trusted from the browser. Zod validates every input twice.

Rate limiting

Authentication and mutation endpoints are rate-limited per client to blunt abuse.

Continuous reconciliation

A reconciliation job compares indexed state against program accounts and repairs drift.

Backed by investors who use it

Startups operate at internet speed. Venture financing should too.

Create a round, secure commitments, approve milestones, settle capital.

One institutional-grade platform, from first invitation to final release.