Rocketrip raises $2.6 million to speed up product development
Rocketrip has raised $2.6 million in Series A led by Canaan Partners with participation from Gencast Ventures and other investors.
The New York-based travel management company (TLabs startup pitch here) had previously received $575,000 in angel funding from Genacast Ventures, Y Combinator and angels, bringing the total investment in the company stands at $3.175 million.
The new fund will be used to accelerate product development, and to build sales and client services.
Rocketrip is a platform that helps corporates reduce their travel expenses by encouraging employees to book cost-saving trips (for example: book flights in advance) by still adhering to policies.
Read full story at: http://www.tnooz.com/article/rocketrip-series-a-funding-2-6-million-usd/