Rocketrip, a NYC-based platform for reducing corporate travel costs, raised $9m in Series B financing.
The round was led by Bessemer Venture Partners with participation from existing investors Canaan Partners and Genacast Ventures. In conjunction with the funding, Alex Ferrara, Bessemer’s New York-based partner, joined Rocketrip’s board of directors.
The company will use the funds to expand marketing, sales, and research and development.
Led by Dan Ruch, founder and CEO, Rocketrip is a technology platform for reducing corporate travel expenses. The solution motivates business travelers to save money on trips by rewarding them with points that can be redeemed for gift cards, charitable contributions, travel benefits, and other rewards.
For each itinerary, the platform generates a personalized “Budget to Beat” based on real-time prices for flights, hotels, trains, and rental cars.