Le Lézard
Classified in: Transportation, Science and technology, Business
Subject: VEN

Rose Rocket Raises $25M USD Series A to Scale its Network-driven Trucking Operating Software


TORONTO, Oct. 13, 2021 /PRNewswire/ -- Rose Rocket, a SaaS provider of transportation management software (TMS) for trucking companies and 3PLs, announced today a Series A of $25 million. The round was led by Lee Fixel of Addition Capital and Mo Koyfman of Shine Capital with participation from Ripple Ventures, Scale-Up Ventures, Kevin Mahaffey, Funders Club and Y-Combinator. Rose Rocket's network-driven TMS is a foundational shift in how trucking companies operate between their teams, drivers, customers, and partners. The funding will help Rose Rocket, which has seen 9x customer growth in the past 12 months, scale operations and invest in product growth.

"When we started building trucking software, we found that the industry was left behind by the movement to SaaS," said Justin Sky, CEO and Co-Founder of Rose Rocket. "Over the past decade, we've seen the industry shift from pen and paper to on-premise systems to using modern software. This is the first time in our industry's history where collaborative network effects are even possible. We are so excited to be able to continue building products that help our customers unlock their operations and network."

The TMS market is ripe for disruption. The trucking industry is undergoing a shift towards increased collaboration between players, while multiple tailwinds are pushing the carrier industry towards increased tech adoption. Rose Rocket's TMS brings efficiencies and automations to a trucking company's entire freight network to solve the industry's prominent problems: visibility, capacity, and communication.

When every party in a freight network is connected through Rose Rocket, it unlocks collaboration opportunities for trucking companies and 3PLs, while adding transparency to every stage of the move. This ultimately allows trucking companies to grow through better optimizing their networks rather than the traditional strategy of buying more trucks. In addition, Rose Rocket has experienced unprecedented growth through a bottoms-up approach, honing in on the experience of the end-user to drive network adoption.

"Rose Rocket is uniquely positioned to be the transportation industry's first network-driven SaaS company, where collaboration between the various network participants drives growth of the platform and opens up meaningful monetization opportunities. Rose Rocket's world-class team is bringing the right product to market at exactly the right time." said Mo Koyfman, Founder and General Partner at Shine Capital.

The future of freight and logistics is connected. From automated software to automated trucks, the industry needs a new generation of connected technology in order to fulfill visibility and capacity requirements driven by consumer demands. Rose Rocket is paving the way for the next frontier of trucking software by building network-driven and highly connected solutions that are powerful in nature, and easy to adopt by every part of a freight network.

About Rose Rocket
Rose Rocket is a leading provider of enterprise-grade transportation management software (TMS) for trucking companies and 3PLs. Its network-driven TMS allows trucking companies to leverage their network of drivers, customers, and partners to unlock visibility and capacity. Additional product offerings include industry-leading driver mobile app, customer and partner portal technology, and an open architecture that allows for native integrations, EDIs, APIs, and more.

With Rose Rocket, trucking companies and 3PLs add efficiency and automation at every step of the transport process, allowing for growth through network optimization. Rose Rocket operates in the United States and Canada, catering to carriers and brokerages that have LTL, FTL, hybrid, and multi-division service offerings. Rose Rocket is proudly headquartered in Toronto. 

For more information, visit: www.roserocket.com.

SOURCE Rose Rocket


These press releases may also interest you

at 15:45
The "North America and Europe Commercial Vehicles Electric Drivetrain Supplier Profiles and Growth Opportunities" report has been added to ResearchAndMarkets.com's offering. OEMs in North America and Europe target to transition to a zero-emission...

at 15:40
VAST Agency, a premiere NFT service provider in collaboration with The Seattle Santa, today announced a unique, first-time collection of digitally created non-fungible token (NFT) creations of The Seattle Santa to benefit Mary's Place, which supports...

at 15:31
The web space of the Commission indépendante sur les caribous forestiers et montagnards is now online on the Consultation Québec platform. Citizens and groups who so wish may visit to learn more about the Commission's composition and mandate and to...

at 15:30
Cavirin, a pioneer and a leading provider of cloud-based security and compliance solutions, announces native integration with Amazon Inspector by Amazon Web Services, Inc. (AWS). By combining the native capabilities of Amazon Inspector with Cavirin...

at 15:30
As announced earlier this year, as part of its effort to diversify the workforce and increase recruitment of women into the skilled trades, Universal Technical Institute, Inc. teamed up with Ignite Worldwide to provide $100,000 in tuition grants for...

at 15:15
CE Brands Inc. ("CE Brands", "we", "our", or the "Company"), a data-driven consumer-electronics company, announces the rescheduling of its investor conference call originally scheduled for 9:00am PST (12:00 pm EDT) today, due to an unexpected...



News published on 13 october 2021 at 09:00 and distributed by: