Rocket.Chat Raises US$10M in Series A Bridge Funding

Rocket.Chat, a Wilmington Del.-based startup that provides an open-source chat platform, raised US$ 10m in a Series A “bridge” funding round.

The round was led by Alexia Ventures, Endeavor Catalyst, Endeavor Scaleup Ventures, Bob Young (Founder of RedHat), NEA and Valor Capital Group, in addition to investors such as Greycroft, Monashees, DGF, and Graphene.

The company, which had already raised US$19m in February 2021, intends to use the funds for Research & Development and commercial expansion.

Founded in 2016 and led by Gabriel Engel, CEO, Rocket.Chat provides a Commercial Open Source Software (COSS) communications platform that allows for collaboration between colleagues, across organizations (through bridges, such as MS Teams or federated servers) and with customers (via channels of their choice, such as live chat or WhatsApp). The platform allows its users to maintain ownership of their conversations, offering diverse hosting options, and adhering to strict security and compliance standards, including SOC2, GDPR, and HIPAA. It offers a free version with limited functionality and scalability, as well as a paid option with premium features and full scalability. Customers can also opt for add-on capabilities such as dedicated hosting and professional services.

Rocket.Chat’s marketplace of pre-built apps, integrations and technology allows users to create their custom requirements in a matter of weeks. Additionally, the company’s chat infrastructure is fully embeddable, allowing customers to add these features to their products.

With over 15 million users in active deployments, Rocket.Chat is in over 150 countries, especially in regulated, security-centric industries such as government, healthcare, financial services, education, and critical infrastructure. The company has customers around the world, focusing on the United States, Western Europe, Japan, and Brazil markets. Its portfolio includes big names such as the US Navy, Continental, Audi, Deutsche Bahn, The Aerospace Corporation, the Government of British Columbia, and the University of Cologne.

Rocket.Chat currently has 128 employees and its leadership team includes Gabriel Engel (founder and CEO), Bruno Weiblen (Regional Manager), Christopher Skelly (CPO), Alan Wright (vice president of operations), and Bruno Bin (Vice President of Marketing).

Rocket.Chat, a Wilmington Del.-based startup that provides an open-source chat platform, raised US$ 10m in a Series A “bridge” funding round. Best wishes to everyone in the group. This will be a huge accomplishment for them in the future.

Shishir Gupta, The Founder & CEO of StartupLanes

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