Rocketrip

Rocketrip

Cuts a company’s travel costs by incentivizing employees to spend less on their trips. Learn more
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DateInvestorsAmountRound
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N/A

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Early VC

$580k

Seed

$2.6m

Series A

$3.0m

Series A
N/A

$2.0m

Early VC

$9.0m

Series B

$15.0m

Series C

N/A

Acquisition
Total FundingCAD43.9m

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Rocketrip is a company that helps enterprise clients reduce their corporate travel expenses by incentivizing employees to make cost-effective travel decisions. Operating in the corporate travel management market, Rocketrip integrates seamlessly with existing travel programs, allowing employees to book flights, trains, hotels, and rental cars while being rewarded for choosing less expensive options. The business model revolves around providing a 'Price to Beat' for each trip, and employees who spend less than this benchmark keep a portion of the savings. This not only reduces overall travel costs for the company but also enhances employee satisfaction by offering tangible rewards. Rocketrip generates revenue through partnerships with enterprise clients who benefit from reduced travel expenses and comprehensive reporting via the Rocketrip Insights dashboard. The company serves large organizations looking to optimize their travel budgets while maintaining employee satisfaction.

Keywords: corporate travel, cost reduction, employee rewards, travel management, enterprise clients, budget-friendly, Price to Beat, travel expenses, reporting dashboard, behavioral change.

Tech stack

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