About POSRocket
POSRocket is a company based in Amman (Jordan) founded in 2016 was acquired by Foodics in January 2022.. POSRocket has raised $7.15 million across 3 funding rounds from investors including Foodics, Jabbar and Finance in Motion. The company has 62 employees as of June 30, 2019. POSRocket operates in a competitive market with competitors including Square, SpotOn, Clover, Clip and SumUp, among others.
- Headquarter Amman, Jordan
- Employees 62 as on 30 Jun, 2019
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Sectors
RetailFinancial Services
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Email
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Phone
*********
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Website
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Social
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Leadership Team
1 people
Software Development Team
1 people
Front Team
1 people
Finance and Accounting
1 people
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Funding Insights of POSRocket
POSRocket has successfully raised a total of $7.15M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in August 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $5.0M
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First Round
First Round
(20 Sep 2017)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Series A - POSRocket | Valuation | Finance in Motion , Algebra Ventures |
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| Jul, 2018 | Amount | Seed - POSRocket | Valuation | Algebra Ventures | |
| Sep, 2017 | Amount | Seed - POSRocket | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in POSRocket
POSRocket has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include Foodics, Jabbar and Finance in Motion. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Diversified investment management services are provided globally.
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Founded Year | Domain | Location | |
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Algebra Ventures is recognized as a leading venture capital firm based in Egypt, focused on tech investments across Africa.
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Founded Year | Domain | Location | |
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Venture capital investments are made in promising startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by POSRocket
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - POSRocket
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Posrocket Comparisons
Competitors of POSRocket
POSRocket operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Square, SpotOn, Clover, Clip and SumUp, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
POS solutions are provided for retail businesses.
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| domain | founded_year | HQ Location |
Provider of cloud-based POS software solutions for businesses and service providers
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| domain | founded_year | HQ Location |
Cloud-based mPOS system for small business operations is offered.
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| domain | founded_year | HQ Location |
POS solutions are provided to offline retailers via mobile devices.
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| domain | founded_year | HQ Location |
Provider of mPOS solution and card reader for offline retailers
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| domain | founded_year | HQ Location |
Cloud-based point-of-sale software is provided for retailers and restaurants.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Posrocket
Frequently Asked Questions about POSRocket
When was POSRocket founded?
POSRocket was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is POSRocket located?
POSRocket is headquartered in Amman, Jordan.
Who is the current CEO of POSRocket?
Ahmad Alzaini is the current CEO of POSRocket.
Is POSRocket a funded company?
POSRocket is a funded company, having raised a total of $7.15M across 3 funding rounds to date. The company's 1st funding round was a Seed of $650K, raised on Sep 20, 2017.
How many employees does POSRocket have?
As of Jun 30, 2019, the latest employee count at POSRocket is 62.
What does POSRocket do?
POSRocket was founded in 2016 in Amman, Jordan, focusing on the retail technology sector. Cloud-based point-of-sale software and hardware solutions are delivered to offline retailers. Core features encompass order and inventory management, accounting, CRM, employee management, reporting, and analytics. iPad-compatible POS systems and peripherals such as cash drawers, printers, and barcode scanners are offered. Services extend to sectors like restaurants, bars, retail stores, salons, and spas.
Who are the top competitors of POSRocket?
Who are POSRocket's investors?
POSRocket has 14 investors. Key investors include Foodics, Jabbar, Finance in Motion, Financial Horizons Group, and Algebra Ventures.
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