How Much Did Rho Raise? Headquarters, Funding & Key Investors

Rho has raised $194.9 million across multiple funding rounds, backed by prominent investors including M13, DFJ Growth, and Dragoneer Investment Group. The company provides an all-in-one financial platform designed to simplify corporate finance operations for businesses.

Keep reading to explore Rho’s fundraising journey, key investors, and what’s ahead for this innovative fintech platform.

What Is Rho and What Does It Do?

Founded in 2018 by Alex Wheldon, Damian Kimmelman, and Everett Cook, Rho is headquartered in New York, New York. The company offers a comprehensive suite of financial products, including business checking and savings accounts, corporate credit cards, and expense management solutions.

Rho’s platform is designed to enhance efficiency, control, and visibility over financial transactions for businesses. With 251–500 employees, the company continues to innovate in the fintech space, helping organizations manage their finances effectively and securely.

How Much Funding Has Rho Raised?

1. Seed Round
   • Amount Raised: $4.9M
   • Date: October 2019
   • Lead Investors: Inspired Capital Partners
   • Motivation: Kickstart the development of their financial platform.
2. Seed Round
   • Amount Raised: Not publicly disclosed
   • Date: January 2020
   • Motivation: Further develop and refine product offerings.
3. Series A
   • Amount Raised: $15M
   • Date: January 2021
   • Lead Investors: M13
   • Motivation: Scale operations and expand market reach.
4. Debt Financing
   • Amount Raised: $100M
   • Date: April 2021
   • Lead Investors: Community Investment Management
   • Motivation: Support growth and provide additional liquidity.
5. Series B
   • Amount Raised: $75M
   • Date: December 2021
   • Lead Investors: Dragoneer Investment Group, DFJ Growth
   • Motivation: Invest in innovation and simplify finance operations for organizations.

Total Funding Raised: $194.9M

Current Valuation: Not publicly disclosed

Key Investors

1. DFJ Growth – VC firm investing in high-growth technology companies.
   • Notable Investments: Tesla, SpaceX, Twitter
2. Dragoneer Investment Group – Growth-focused investment firm partnering with exceptional management teams.
   • Notable Investments: Airbnb, Uber, Spotify
3. Community Investment Management – Provides debt capital to innovative fintech companies.
   • Notable Investments: Funding Circle, LendingClub, Kiva
4. M13 – VC firm investing in consumer technology and fintech companies.
   • Notable Investments: Ring, Lyft, Pinterest
5. Inspired Capital Partners – Early-stage VC investing in technology companies transforming industries.
   • Notable Investments: Chief, Orum, Finix

Where Is Rho’s Headquarters?

Rho is headquartered in New York, New York, giving it access to a financial hub, enterprise clients, and fintech-focused talent necessary for its banking and payments solutions.

What’s Next for Rho?

Rho is focused on expanding its platform capabilities and product offerings, leveraging its $75 million Series B funding to drive innovation in corporate finance operations. The hiring of Sebastjan Trepca as CTO highlights a strong emphasis on engineering and technological advancement.

Future growth opportunities include further fundraising, potential strategic acquisitions, and scaling operations globally. Key challenges involve managing competition, maintaining service quality while growing, and navigating the complexities of the fintech landscape.

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