Rocketlane raises $18 Mn in Series A round

SaaS startup Rocketlane has raised $18 million in its Series A round led by 8VC with participation from Nexus VP and Matrix Partners. Angel investor Gokul Rajaram has also invested in the latest round.

Previously, the startup had raised $3 million in seed funding from Matrix Partners India and Nexus Venture Partners in June last year.

The fresh proceeds will be used to expand product offerings, accelerate marketing, and grow its team, said Rocketlane in a press release.

Founded in 2020 by Srikrishnan Ganesan, Vignesh Girishankar and Deepak Bala, Rocketlane offers a purpose-built unified workspace for collaborating with customers for onboarding projects.

The platform helps businesses shorten their time-to-value, streamline their software implementation, and provide real-time visibility. The company’s customers include Chargebee, Pando, ParcelLab, Yellow.ai, LinkSquares, Appcues, and Netcore.