Steinbach, Manitoba’s RocketRez announced today it has raised USD $5 million from Blueprint Equity and an additional CAD $2 million in revenue-based financing from Vancouver’s TIMIA Capital.
RocketRez’s cloud-based platform allows tours and attractions to maximize their customer experience, such as allowing businesses to easily manage customer flow in accordance with COVID guidelines.
TIMIA provides financing to SaaS companies in exchange for payments based on revenue. The firm’s payments are tied to monthly revenue, increasing in strong revenue months and decreasing in low-revenue months, until the capital, plus a multiple, is repaid.
RocketRez has quickly expanded its product suite since its founding in 2012 and revamp in 2014. Online, in-person, and call center booking engines are integrated into one full point of sale and inventory management platform for an efficient, streamlined process.
The company has also created application tools for seamless back-end operations, including managing events, private charters, catering, photos and kiosks, CRM, growth marketing, advanced analytics, staff scheduling and timekeeping.
“RocketRez combines many applications into a single, easy-to-use, cloud-based platform. Our product allows customers to select modules depending on their business needs,” said John Pendergrast, Founder & CEO of RocketRez. “Partnering with Blueprint was a natural fit for us given our growth and stage and we’re thrilled to continue on our mission with the support and backing of such a reputable investment firm.”
This new round of funding will enable the expansion of new business verticals at the rapidly expanding company that has hired industry veteran Monica Marics as its Chief Operating Officer to help manage this growth. Marics has guided operations, customer success, and product management teams of several multi-hundred-million-dollar businesses across the United States, Canada, Europe, and Asia.
RocketRez is actively hiring across sales and marketing, engineering, and customer success departments.
Photo by Anete Lūsiņa on Unsplash
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