Rose Rocket, a Toronto-based SaaS founder, has upgraded $ 25 in Series A. money expanding its road traffic (TMS) program.
The fund was led by Lee Fixel of Addition Capital and Mo Koyfman of Shine Capital, taking part from Ripple Ventures, Scale-Up Ventures, Kevin Mahaffey, Funders Club, and Y-Combinator. Mo Koyfman, Founder and General Partner at Shine Capital, talks about participating in the company by saying:
“Rose Rocket is well-known as the first SaaS automotive company, while collaboration between network operators contributes to the growth of the platform and opens up revenue opportunities. The international Rose Rocket team is bringing in the right products to sell at the right time.”
Rose Rocket was founded in 2015 and has been helping management companies improve their communication systems ever since. The platform supports multi-tier performance by changing the way customers, movers, and systems communicate.
The growing link between retail and freight forwarding has brought Rose Rocket’s fertile growth to rapid growth. In the last 12 years alone, developers have seen users grow more than 900% due to the increasing demand for professional security. Justin Sky, CEO and Co-Founder of Rose Rocket, said in a statement:
“We started designing automotive software, we found that the business was abandoned and moved to SaaS. For the past 10 years, we have seen companies transition from scripting and paperboard to modern software applications. We are excited that we can continue to create products that help our customers realize their performance and network. ”
Shipping by events were some of the industries most affected by the COVID-19 epidemic, which highlighted the challenges that come with the use of input methods. By helping organizations improve their performance through a special program, Rose Rocket hopes to protect companies from similar disruptions in the future, becoming a major player in the world’s most important corporate economies.