Rose Rocket, a Toronto, Canada-based SOC II compliant, cloud-native provider of transportation management software (TMS) for trucking companies and 3PLs, closed $38M USD in Series B funding.
The round, which brought total funding to date to $69M USD, was led by Scale Venture Partners with participation from current investors Addition Capital, Shine Capital, Scale-Up Ventures, Funders Club and Y-Combinator.
The company intends to use the funds to accelerate expansion into larger fleets in the enterprise, as well as to further accelerate its investments in product development and network collaboration efforts to serve its customer base.
Led by Justin Sky, CEO, Rose Rocket is a 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 a driver mobile app, customer and partner portal technology, and an open architecture that allows for native integrations, EDIs, APIs, and more.
Rose Rocket operates in the United States and Canada, catering to carriers and brokerages that have LTL, FTL, hybrid, and multi-division service offerings.
FinSMEs
20/06/2023