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Rocketlane Secures $24M Series B Funding Led by 8VC, Matrix Partners India, and Nexus Venture Partners

Jun 25, 2024, 12:13 PM

Rocketlane, a B2B SaaS platform specializing in client project delivery and professional services automation (PSA), has raised $24 million in Series B funding. The funding round was co-led by 8VC, Matrix Partners India, and Nexus Venture Partners. The fresh capital will be utilized to launch new products, innovate the customer portal, and accelerate Rocketlane's AI-first roadmap aimed at transforming client project delivery. The company has shown significant growth, tripling its size annually since 2022. Rocketlane's CEO, Srikrishnan Ganesan, highlighted the role of AI in revolutionizing project delivery and the importance of the India market in their expansion plans. The funding news was reported by TechCrunch and moneycontrolcom, and the company plans to create a post-sales CRM for professional services teams.