PE Fund Investments
PSA platform Rocketlane raises $24-M led by 8VC, Matrix, Nexus
Chennai- and California-based B2B Professional Services Automation (PSA) software firm Rocketlane has raised USD 24 million in a Series B funding round led by 8VC, Matrix Partners India and Nexus Venture Partners. The funding round brings the total funds raised by the company to USD 45 million.The new funding would be used to execute an AI roadmap and help Rocketlane in developing product capabilities.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. It claims to help businesses shorten their time-to-value, streamline software implementation, and provide real-time visibility.
Between Jun, 2021 and Jan, 2022, Rocketlane had raised over USD 21 M from Nexus Venture Partners and Matrix Partners India.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
