The Silicon Review ^Asia

The round was led by 8VC

India and San Antinio, CA-based Rocketlane has raised $18 million in its Series A round. The funding round was led by 8VC, with additional investment coming from Nexus Venture Partners, Matrix Partners India, and Gokul Rajaram.

The company had previously raised funding for its seed funding round just seven months ago. The Series A round means that the company has raised $21 million in total funding.

“Customer onboarding for SaaS businesses is an emerging enterprise category in its own right, encompassing a massive and growing user community. It represents a new two-sided project management problem, and the resulting complexity requires a bespoke solution. It simply cannot be addressed by a patchwork of existing project management tools,” said Bhaskar Ghosh, Partner & CTO, 8VC. “Rocketlane has dared to provide a fresh new take to serve this category. They have shown stunning execution to deliver a thoughtful and extensible product that is experiencing rapid adoption. It is our honor at 8VC to join the Rocketlane team and its visionary founders Sri, Deepak, and Vignesh in their generational adventure.”

Founded in 2020, Rocketlane has seen early customer growth with its Prefilght (its community for onboarding, implementation, and CS professionals) touching as many as 1,200 people globally.