Rocketrip, Inc. raised $50,000 in debt from one investor. This is the first known US private placement initiated by the company.
The company developed and markets a platform geared toward business travel specifically to promote cost containment by employees. The idea is to allow employees to make preferred travel arrangements on the open market as long as the price is below Rocketrip’s price limit. Companies have then engaged employees actively working toward reducing travel and entertainment (T&E) expenses. Rocketrip estimates the platform will reduce companies’ T&E between 15 to 20%.
Rocketrip is currently looking for companies to be part of its pilot program.
The company, headquartered in New York NY, was founded in March 2013 by Daniel “Dan” Ruch (CEO).