Rocketlane Raises $24 Million in Series B

Rocketlane Raises $24 Million in Series B

Rocketlane, a San Mateo, CA-based software platform designed to optimize client onboarding and ongoing engagement for businesses, raised $24 million in Series B, bringing its total raised to $45 million.

The round was co-led by 8VC, Matrix Partners India, and Nexus Venture Partners.

Founded in 2012, 8VC is a venture capital firm focusing on technology and life sciences investment sectors. Based in Austin, Texas, the firm primarily invests in and builds ambitious and innovative companies, with a particular emphasis on creating technology platforms that generate lasting economic and societal value.

Nexus Venture Partners is a venture capital firm backing exceptional founders to build product-centric companies. They invest at inception, seed, or Series A stages, remaining deeply involved throughout the company's growth. Managing $2.6 billion, Nexus targets enterprise software in the US and digitally-driven businesses in India.

Matrix Partners India is an investment firm focused on the Indian enterprise and consumer markets, specializing in seed, early, and early growth stages. Matrix invests in entrepreneurs across various sectors, aiming to nurture world-changing companies. Established in 2006, Matrix Partners India operates from offices in Mumbai, Bengaluru, and Delhi, managing over $1 billion.

The company will use the funding to support its go-to-market strategy, including expanding the outbound sales team in the US and making senior appointments.

Founded in 2020 by Srikrishnan Ganesan, Vignesh Girishankar, and Deepak Balasubramanyam, Rocketlane provides a purpose-built customer onboarding and professional services automation (PSA) platform that accelerates time-to-value and enhances project profitability and predictability. Rocketlane helps companies ensure their clients derive maximum value from software and applications through streamlined onboarding processes and continuous support. The company serves over 450 paying customers across various sectors, including SaaS, marketing, IT, and legal.

Funding Details

Company: Rocketlane Corp.

Raised: $24.0M

Round: Series B

Funding Month: June 2024

Lead Investors: 8VC, Matrix Partners India, Nexus Venture Partners

Additional Investors:

Company Website: https://www.rocketlane.com/

Software Category: Client Onboarding and Engagement