Rocketplace is a technology company.
Rocketplace has raised $9.0M across 1 funding round.
Rocketplace has raised $9.0M in total across 1 funding round.
Rocketplace has raised $9.0M in total across 1 funding round.
Rocketplace's investors include Cedar Capital Group, Launchpad Capital, Meron Capital, Oak HC/FT, PS Investments, Thomson Reuters Ventures, TLV Partners, TTV Capital, Vera Equity.
Rocketplace is a technology company building a high-quality, low-cost, self-service cryptocurrency investment management platform designed primarily for retail investors in the United States. It offers commission-free trading, instant deposits, and simple trading tools with a vision to become the "Fidelity for Crypto," focusing on fund distribution and management within the crypto space. The platform aims to solve the problem of complex, costly crypto trading by providing an accessible, transparent, and user-friendly experience, supporting the expected growth of digital financial products. Rocketplace has shown growth momentum by raising $17 million in total funding, including a $9 million seed round in 2022, and plans to expand its team and launch fund distribution services[1][2][3][5].
Founded in 2021 by Beryl Hutchinson and Ben Hutchinson, who previously built the online lender Earnest, Rocketplace emerged from their experience in fintech and venture capital. The idea was born from the need for a transparent, low-cost crypto asset management platform during a turbulent crypto market period marked by major bankruptcies and layoffs in the industry. Early traction includes raising significant seed funding and building a small but growing team focused on delivering a brokerage model that profits from bid-ask spreads rather than commissions, emphasizing transparency and appropriate disclosures[1][5].
Rocketplace rides the wave of increasing institutionalization and maturation of the cryptocurrency market, especially amid the "crypto winter" that exposed vulnerabilities in many crypto firms. The timing is critical as retail investors seek safer, more transparent, and cost-effective ways to access crypto assets. Market forces such as growing demand for digital financial products, regulatory scrutiny, and the need for trustworthy platforms favor Rocketplace’s approach. By focusing on fund distribution and asset management rather than just trading, Rocketplace aims to influence the crypto ecosystem by raising standards for transparency and investor protection[5].
Rocketplace’s next steps involve scaling its team and launching its fund distribution business, positioning itself as a key player in the evolving crypto asset management space. Trends such as the proliferation of digital financial products, increasing regulatory oversight, and retail investor demand for simplicity and transparency will shape its journey. Its influence may grow as it sets new benchmarks for low-cost, transparent crypto investing, potentially bridging traditional finance and crypto markets more effectively.
In summary, Rocketplace is carving out a niche as a transparent, low-cost, and user-friendly crypto asset management platform with strong fintech roots, poised to capitalize on the maturation of the cryptocurrency ecosystem.
Rocketplace has raised $9.0M across 1 funding round. Most recently, it raised $9.0M Seed in August 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 1, 2022 | $9.0M Seed | Cedar Capital Group, Launchpad Capital, Meron Capital, Oak HC/FT, PS Investments, Thomson Reuters Ventures, TLV Partners, TTV Capital, Vera Equity |