Rose Rocket, a Toronto, Canada-based SaaS provider of transportation management software (TMS) for trucking companies and 3PLs, raised $25m in Series A funding.
The round was led by Lee Fixel of Addition Capital and Mo Koyfman of Shine Capital with participation from Ripple Ventures, Scale-Up Ventures, Kevin Mahaffey, Funders Club and Y-Combinator.
The company intends to use the funds to continue to expand operations and its business reach.
Co-founded by Alexander Luksidadi, Justin Sky, and Justin Bailie, Rose Rocket is a provider of enterprise-grade transportation management software (TMS) for trucking companies and 3PLs. Its network-driven TMS allows trucking companies to leverage their network of drivers, customers, and partners to unlock visibility and capacity. Additional product offerings include driver mobile app, customer and partner portal technology, and an open architecture that allows for native integrations, EDIs, APIs, and more.
The company operates in the United States and Canada, catering to carriers and brokerages that have LTL, FTL, hybrid, and multi-division service offerings.