B2B Travel Loyalty Platform Rocketrip Raises $15 Million in Series C

Rocketrip, a loyalty platform that inspires employees to travel smart, acquired $15 million in Series C funding led by GV (formerly Google Ventures), with participation from existing investors Bessemer Venture Partners and Canaan Partners.

According to the company, in 2017, Rocketrip’s technology helped companies save an average of $208 per business trip by predicting their cost and rewarding employees with a portion of the savings when they book below that target. Currently, Rocketrip is collaborating with travel management company partners to develop solutions for managed travel programs.

The Series C funding will be used to help Rocketrip build out its enterprise sales team.