What is Rocketrip?
Founded in 2013 and headquartered in New York, Rocketrip operates as a sophisticated business intelligence software provider. The company's core value proposition lies in its ability to align the interests of corporate travelers with those of their employers. By deploying a proprietary platform that establishes dynamic, customized travel budgets, Rocketrip incentivizes employees to make cost-effective booking decisions. This mechanism not only reduces overall travel spend but also integrates seamlessly with existing travel management systems, positioning the company as a critical tool for organizations seeking to enhance operational efficiency and fiscal discipline in their travel programs.
How much funding has Rocketrip raised?
Rocketrip has raised a total of $29.8M across 6 funding rounds:
Angel/Seed
$575K
Series A
$2.6M
Series B
$9M
Series C
$15M
Debt
$1M
Debt
$1.6M
Angel/Seed (2013): $575K with participation from Y Combinator and Genacast Ventures
Series A (2014): $2.6M led by Genacast Ventures and Canaan Partners
Series B (2016): $9M supported by Canaan Partners, Genacast Ventures, and Bessemer Venture Partners
Series C (2018): $15M, investors not publicly disclosed
Debt (2020): $1M backed by PPP
Debt (2021): $1.6M with participation from PPP
Key Investors in Rocketrip
Y Combinator
A premier startup accelerator and seed-stage investor based in Mountain View, known for fostering high-growth technology companies.
Genacast Ventures
A Northeast-based venture capital firm specializing in B2B technology startups, providing deep operational expertise and guidance to early-stage management teams.
Canaan Partners
An established venture capital firm with a global footprint, focusing on enterprise software, fintech, and digital health investments from seed through growth stages.
What's next for Rocketrip?
With a robust history of backing from top-tier venture capital firms, Rocketrip is well-positioned to scale its enterprise software solutions. The recent capital injection suggests a strategic focus on expanding market penetration and refining its behavioral analytics engine. As the corporate travel landscape continues to evolve, Rocketrip's ability to provide actionable insights and cost-saving incentives will likely remain a key differentiator. Future growth will likely center on deepening integrations with global travel management platforms and enhancing the platform's predictive capabilities to further drive enterprise-wide cost optimization.
See full Rocketrip company page
