Rose Rocket Raises $38M in Series B for TMS Expansion

Rose Rocket, a software-as-a-service transportation management system (TMS) founded in 2015, has raised $38 million in a Series B funding round. The Canadian-based company provides a platform for improved communication and collaboration among truckers, brokers, carriers, shippers, and drivers. With an existing customer base between 1,000 and 1,500 clients, CEO Justin Sky predicts annual recurring revenue to reach $100 million in the next three years. The latest funding will be directed towards the company's expansion into larger fleets, and investments in product development and network collaboration efforts.

Source: TechCrunch