# Rose Rocket

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rose-rocket

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.roserocket.com
- Total disclosed funding: $63M
- Latest round: Series B (Jun 20, 2023)
- Investors on record: 8

## About

Based in Toronto, Canada, Rose Rocket, Inc. provides an AI-native transportation management system (TMS) that enhances logistics operations for businesses within the supply chain sector.Founded in Toronto, Canada, in 2015, Rose Rocket, Inc. specializes in developing a transportation management system designed to streamline logistics processes. The company has received funding through three distinct deals, with the most recent being a Series B round that occurred on June 20, 2023. In this round, Rose Rocket raised USD 38.00 mn, led by Scale Venture Partners, with participation from Addition, FundersClub, Scale-Up Ventures, Shine Capital, and Y Combinator. Founders Alexander Luksidadi, Justin Bailie, and Justin Hein have played pivotal roles in the company's evolution.Rose Rocket offers an AI-native transportation management system (TMS) designed to streamline logistics operations for businesses in the supply chain sector. The core product is a comprehensive TMS that integrates various functions, including order management, real-time tracking of loads and drivers, invoicing, auditing, and freight payment solutions. Utilizing advanced AI tools, the platform automates routine tasks, significantly reducing manual data entry and the need for spreadsheets. Key features such as Rosie, DataBot, and Freight Audit & Pay enhance operational efficiency by autofilling data, extracting information from documents, and ensuring invoice accuracy. The system is particularly beneficial for logistics companies, freight brokers, and carriers operating across North America, Europe, and select markets in Asia, providing them with a more organized and effective way to manage their transportation needs.Rose Rocket generates revenue primarily through a subscription-based model for its TMS platform, offering different pricing tiers that cater to various client needs within the logistics industry. Clients typically enter into agreements that provide access to the software for a recurring fee, which can scale based on the number of users or volume of transactions processed. The flagship services, including interfaces for freight auditing and automated data ingestion, are integral to the platform's value proposition and appeal to businesses looking to optimize their logistics processes. Revenue is also driven by partnerships with carriers and brokers who leverage the system to improve operational workflows, enhance customer service, and facilitate faster payment cycles. The firm has processed over USD 2.7 bn in freight transactions, reflecting its significant footprint within the logistics market and its ability to drive value for its client base.In June 2023, Rose Rocket, Inc. raised USD 38.00 mn in Series B funding led by Scale Venture Partners, with additional participation from returning investors including Addition, Shine Capital, Scale-Up Ventures, Funders Club, and Y Combinator. The company intends to utilize this funding to propel expansion efforts and enhance product development. Rose Rocket is focusing on designing and launching new products that will further integrate AI capabilities into their platform. Additionally, the company plans to expand into new markets across Europe and Asia by late 2024, optimizing their logistics solutions for a wider audience.

## Funding rounds

- Series B, Jun 20, 2023, $38M — Scale Venture Partners, Y Combinator, FundersClub, Addition, Shine Capital, Scale-Up Ventures
- Series A, Oct 13, 2021, $25M — Y Combinator, FundersClub, Scale Up Ventures, Ripple Ventures, Addition, Shine Capital
- Seed, May 14, 2020 — Y Combinator, Ripple Ventures

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A, Series B
- Ripple Ventures (https://capitalatlas.ai/funds/ripple-ventures) — Seed, Series A
- FundersClub (https://capitalatlas.ai/funds/fundersclub) — Series A, Series B
- Scale Up Ventures (https://capitalatlas.ai/funds/scale-up-ventures) — Series A
- Addition (https://capitalatlas.ai/funds/addition) — Series A, Series B
- Shine Capital — Series A, Series B
- Scale Venture Partners (https://capitalatlas.ai/funds/scale-venture-partners) — Series B
- Scale-Up Ventures (https://capitalatlas.ai/funds/scale-up-ventures-2) — Series B