About Rocketrip
Rocketrip is a Travel & Hospitality company based in New York (United States) founded in 2013, and was acquired by Mondee in September 2020. Corporate travel is managed via SaaS solutions and algorithms. Rocketrip has raised $32.86 million across 8 funding rounds from investors including Bessemer Venture Partners, Mondee and Canaan. The company has 71 employees. Rocketrip offers products and services including Rocketrip Platform and Insights Dashboard. Its focus areas include Consumer, Online Travel, Corporate Travel and Horizontal. Its legal entity is Rocketrip, Inc. Its competitors include Deem, Egencia and Spotnana; 3 of its 3 listed competitors have raised funding.
Company details
Founded in 2013 and based in New York, United States, Rocketrip operates in the SaaS sector for corporate travel management. Software is utilized to integrate real-time pricing, company policies, and patented algorithms, enabling customized budget setting and trip cost predictions. Business travelers are supported in achieving savings through options like advance bookings or alternative accommodations, resulting in cost reductions for companies and rewards for employees.
- Total Equity Funding$32.86M (USD)
in 8 rounds
- Latest Funding Round$15M (USD), Series C
Apr 2018
- InvestorsBessemer Venture Partners
& 7 more
- Employee Count71
- Acquired byMondee
(Sep 2020)
Products & Services of Rocketrip
Rocketrip offers a comprehensive portfolio of products and services, including Rocketrip Platform and Insights Dashboard.
Tool for forecasting trip costs and rewarding savings in corporate travel.
Dashboard for real-time travel spend tracking and behavioral analysis.
Funding Insights of Rocketrip
Rocketrip has successfully raised a total of $32.86M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $15 million completed in April 2018. 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 $32.86M
- Total Rounds 8
- Last Round Series C — $15M
- First Round $50,000
(May 2013)
- Investors Count 7
All 8 funding rounds of Rocketrip with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2018 | $15M | Series C | – | Google Ventures | |
| Jun 2016 | $9M | Series B | – | Bessemer Venture Partners | |
| Sep 2015 | $2M | Series A | – | – | – |
| Jul 2014 | $3M | Series A | – | Genacast Ventures, Canaan | |
| Mar 2014 | $125,000 | Seed | – | – | |
| Feb 2014 | $3.16M | Series A | – | Canaan | |
| Jul 2013 | $575,000 | Seed | – | – | |
| May 2013 | $50,000 | Debt – Conventional | – | – | – |
8 investors in total: 7 institutional and 1 angel.
Investors in Rocketrip
Rocketrip has secured backing from 8 investors, including venture fund and angel investors. Prominent investors backing the company include Bessemer Venture Partners, Mondee and Canaan.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Corporate backed venture capital fund investing in multiple sectors | gv.com | Mountain View, United States | ||
Venture capital investments and support for entrepreneurs in technology and innovation sectors. | 1911 | bvp.com | Redwood City, United States | |
Canaan is recognized as an early-stage venture capital firm. | 1987 | canaan.com | San Francisco, United States | |
Venture capital firm investing in seed-stage technology startups. | genacast.com | |||
Early-stage tech-focused VC firm investing primarily in the US | tuesday.vc | San Francisco, United States | ||
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States | ||
PB Paul Buchheit | Creator of Gmail, angel investor, and Y Combinator partner | unknown_43da7701bfbc40ffa | ||
SaaS solutions are delivered for travel professionals' tech needs. | 2011 | mondee.com | California City, United States |
Investor details for Rocketrip
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People of Rocketrip
6 people are tracked at Rocketrip (2 in leadership, 4 in team); the tracked headcount is 71.
| Name | Role | Group |
|---|---|---|
Greg Fraser | Chief Product Officer | Leadership |
Lizet Rodriguez-Hampton | Director of Sales & Member Travel | Leadership |
Adam Meron | SVP of Marketing | Team |
Benjamin Hernandez | Search Marketing Manager (SEM/SEO) | Team |
Miguel Martinez | Digital & Paid Social Marketing Manager | Team |
Arona Sow | Développeur full stack (python, javascript) | Team |
Complete people profiles for Rocketrip
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Timeline of Rocketrip
4 dated milestones of Rocketrip across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Rocketrip is founded.
- Funding First funding round of $50K.
- Funding Latest funding round, Series C, of $15.0M.
- Exit Acquired by Mondee.
Competitors of Rocketrip
Rocketrip has 3 listed competitors in our database, 3 of them funded. They include Deem, Egencia and Spotnana.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| deem.com | 2000 | San Francisco, United States | $671.37M | 540 | Provider of corporate travel management solutions | |
| egencia.com | 2000 | Bellevue, United States | $23.52M | 244 | Corporate travel solutions are offered to business travelers worldwide. | |
| spotnana.com | 2019 | New York, United States | $116M | 139 | SaaS API-based travel ecosystem and management solutions are offered. |
Detailed competitors of Rocketrip
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Web traffic of Rocketrip
Websites that share an audience with Rocketrip (rocketrip.com).
Websites whose visitors overlap most with Rocketrip. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| krux.com | 43% | View details |
Top companies in Online Travel
3 companies that operate in the same segment as Rocketrip (Online Travel) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | 6,209 | ||
Multiple travel services are booked via an app-based platform. | 1999 | Miami, Florida, United States | USD 331.37 M | 5,191 |
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Related news about Rocketrip
Complete news archive for Rocketrip
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Frequently Asked Questions about Rocketrip
Rocketrip was founded in 2013.
Rocketrip is headquartered in New York, United States. It is registered at New York, New York, United States.
Rocketrip is a funded company, having raised a total of $32.86M across 8 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $50K, raised on May 2013.
Rocketrip has 71 employees.
Founded in 2013 and based in New York, United States, Rocketrip operates in the SaaS sector for corporate travel management. Software is utilized to integrate real-time pricing, company policies, and patented algorithms, enabling customized budget setting and trip cost predictions. Business travelers are supported in achieving savings through options like advance bookings or alternative accommodations, resulting in cost reductions for companies and rewards for employees.
Rocketrip offers Rocketrip Platform and Insights Dashboard.
Rocketrip has 8 investors. Key investors include Bessemer Venture Partners, Mondee, Canaan, Google Ventures, and Genacast.
Rocketrip operates through Rocketrip, Inc..
Yes. Rocketrip was acquired by Mondee in September 2020.