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…