Rocketrip is the first commercially available travel management platform to save companies money on travel expenses by motivating employees to become willing and enthusiastic partners in cost savings. Rocketrip's algorithms integrate a company's travel policy with real-time trip pricing and availability to create a personalized Smart Budget for each trip. Employees are set free to book using their favorite travel websites. The company rewards employees for booking under budget by sharing a percentage of the savings in the form of cash and gift cards. Rocketrip, based in New York City, provides employers with insights and analytics on company spending, savings and employee travel behavior, giving them the ability to optimize their travel policy and rewards program.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 02/10/14 | $2,600,000 | Series A |
Canaan Partners Genacast Ventures | undisclosed |
| 07/14/14 | $3,000,000 | Series A-1 |
Canaan Partners Genacast Ventures Paul Buchheit Tuesday Capital | undisclosed |
| 06/21/16 | $9,000,000 | Series B |
Canaan Partners Genacast Ventures | undisclosed |
| 04/26/18 | $15,000,000 | Series C |
Canaan Partners | undisclosed |
