Rain, one of the founders of Livonia Partners, has long been a key contributor to the development of banking, investment, and entrepreneurship in the Baltics. In 1991 he helped found Hansabank, which grew into the largest pan-Baltic financial institution and was bought by Swedbank in 1998.
In 1999, he established New Economy Ventures, which invested in and successfully exited from 7 technology companies, returning investors' money more than eight fold. That same year, he co-founded LHV Group, a Baltic banking group which held an IPO on the Nasdaq Tallinn Exchange in 2016 and where he remains in a supervisory role.
Before Livonia, Rain together with Mindaugas Utkevičius ran a private equity fund LHV Capital. Currently Rain is an advisor and an investment committee member at Livonia Partners.