Rocketlane, a San Mateo, CA-based provider of a PSA and client onboarding platform, raised $24M in Series B funding.
The round, which brought the total amount to $45M, was co-led by 8VC, Matrix Partners India, and Nexus Venture Partners.
The company intends to use the funds to expand operations and its development efforts.
Founded in April 2020 by Srikrishnan Ganesan, Vignesh Girishankar, and Deepak Bala, Rocketlane is a purpose-built PSA and client onboarding platform that helps businesses deliver predictable outcomes, accelerate time-to-value, and improve team utilization and project profitability. The platform offers a workspace that improves communication, collaboration, and project visibility for businesses and their clients. It equips teams with trends and benchmarks across projects, which in turn helps them develop and optimize playbooks and processes.
Over the last year, Rocketlane has tripled its revenue and reached over 500 customers, including enterprise companies that have switched to Rocketlane from legacy Professional Services Automation (PSA) tools. Recent customer wins include names like OpenGov, LivePerson, Fivetran, Personio, and Zenoti among others.
FinSMEs
25/06/2024