Participated · Series B · Jun 2023

Rose Rocket offers a software-as-a-service transportation management system (TMS) that centralizes communication and collaboration among truckers, brokers, carriers, shippers and drivers. The platform supports workflows for small broker segments up to enterprise carriers and integrates third-party apps to minimize duplicate data entry and provide real-time updates. Rose Rocket emphasizes product-led growth and self-onboarding to reduce continuity risk amid industry labor shifts. The company reports a customer base of roughly 1,000–1,500 clients and says its network has grown 47x since 2021. Management projects annual recurring revenue could reach $100 million within the next three years if current trajectories hold. Rose Rocket says it has seen significant year-over-year growth, including during the pandemic. Rose Rocket builds transportation management software (TMS) that its CEO describes as a "NetSuite for trucking," aiming to coordinate brokers, carriers, and other players in the freight ecosystem. The company offers the same platform to freight brokers and trucking companies so work can proceed seamlessly when both parties use the software. Rose Rocket characterizes its approach as going "horizontal inside of a vertical," seeking to integrate multiple parts of the trucking market rather than focus on a single niche. It competes with other vertical software providers and with customers' continued use of Excel and manual processes in an industry that is not fully digitized. The article cites strong traction: customer logo count rose roughly 9x year-over-year and contracted deal volume rose about 9x over the same period. Rose Rocket is Toronto-based and maintains U.S. incorporation to facilitate North American fundraising.

Participated · Series A · Jun 2021

Imburse is a software-as-a-service platform that simplifies the way businesses worldwide access the global payments ecosystem by removing integration obstacles when connecting to payment providers and technologies. The platform enables insurers, banks and other enterprises to leverage the payment providers best suited to their business and customer needs, avoiding costly, time-intensive IT integrations and enabling swift payment transactions. The company plans to use the funding to enhance platform capabilities, accelerate customer growth, and grow its engineering and development teams. Imburse plans to scale its workforce across its three offices in London, Zurich and Lisbon and currently employs 32 full-time staff. Since its founding in 2018, Imburse serves clients across 25 countries, including Germany, Switzerland, Spain, Portugal and the UK. The company intends to expand operations to the USA and other regions by 2022. Imburse is a Swiss, cloud-based Payments-as-a-Service platform established in 2018. The company simplifies payments across cash, credit cards, billing solutions, alternative payment methods, vouchers and strategic partnerships. Its platform allows payment technologies worldwide to access Imburse clients and deploy capabilities without integrating directly into corporate legacy IT systems. A single integration into Imburse enables payment providers to deploy immediately with Imburse clients. Imburse works predominantly with insurers and banks, and its platform is also relevant for loyalty and rewards programs, pharmaceutical companies, motor OEMs, event organizers, gaming and e-sports. Financially, Imburse raised $1.7 million in its latest funding round, bringing total funding to date to $3.8 million.