What is Rho?
Founded in 2018, Rho operates as a comprehensive, end-to-end platform designed to streamline commercial banking and corporate card management for modern businesses. By integrating complex financial workflows into a single, intuitive interface, the company addresses the fragmented nature of traditional business banking. Rho's market position is defined by its ability to provide enterprise-grade financial tools that enhance visibility, control, and efficiency for organizations navigating the complexities of modern commerce. The platform serves as a central nervous system for corporate finance, enabling teams to manage expenses, treasury, and payments with unprecedented precision.
How much funding has Rho raised?
Rho has raised a total of $209.9M across 5 funding rounds:
Angel/Seed
$4.9M
Unspecified
$15M
Multiple Rounds
$190M
Angel/Seed (2019): $4.9M with participation from Inspired Capital
Unspecified (2020): $15M led by Inspired Capital Partners, LLC and Torch Capital
Series A (2021): $15M supported by Inspired Capital, M13 Ventures, Torch Capital, and Rogue Capital
Debt (2021): $100M featuring Community Investment Management Services
Series B (2021): $75M backed by DFJ Growth, M13, Torch Capital, Dragoneer Investment Group, and Inspired Capital
Key Investors in Rho
DFJ Growth
DFJ Growth is a late-stage global venture capital firm that provides capital to companies in seed, early, and growth-stages, focusing on scaling technology companies poised for market leadership.
Torch Capital
Torch Capital invests in visionary founders leveraging technology to transform consumer and business operations, with a specific focus on consumerized B2B platforms and supporting infrastructure.
Dragoneer Investment Group
Dragoneer Investment Group is a San Francisco-based firm that provides specialized investment services to both public and private clients, focusing on long-term value creation.
What's next for Rho?
With the successful completion of this major strategic investment, Rho is well-positioned to accelerate its product development roadmap and expand its market footprint. The company is expected to leverage this capital to deepen its integration capabilities, potentially targeting new segments within the enterprise market that require sophisticated, automated financial infrastructure. As Rho continues to scale, the focus will likely shift toward enhancing its proprietary technology stack to offer more predictive financial insights and broader banking services. By maintaining its commitment to operational excellence and user-centric design, Rho is poised to further disrupt the traditional banking sector, setting a new standard for how enterprises manage their capital and liquidity in an increasingly digital economy.
See full Rho company page
