Baltimore software firm RocketDocs has once again added to its Series A fundraising round.
The company raised $1.5 million, according to an Oct. 12 filing with the U.S. Securities and Exchange Commission. A spokesperson for the company confirmed the additional financing is another "top off," similar to a $2.2 million raise the company completed in August.
The recent financing comes as the company is preparing to raise a more significant round in 2022.
RocketDocs CEO Jason Pappas declined to comment on the latest raise this week, or disclose the final total of the round. He told the BBJ RocketDocs has raised "a shade under $7 million" since he took over the top executive seat at the software company in March 2019.
RocketDocs has developed software that helps business-to-business companies better manage mass amounts of data, so they can more quickly and accurately respond to various business inquiries such as requests for proposal, requests for information and due diligence questionnaires. Another of its products helps companies to efficiently aggregate documents for putting together sales content and proposals. RocketDocs chiefly works with clients in the financial services, manufacturing, health care and technology sectors.
The company moved its headquarters from Frederick to Baltimore in early 2019, and has almost doubled its employee headcount since then, Pappas said.
SEC documents show three investors contributed to the latest funding infusion.
