The London Technology Club (LTC), has invested in Rollick Inc, which operates the GoRollick Powersports, RV, and Boat Buying Program Marketplace, as part of a USD8.5 million fundraising round
LTC’s investment is made alongside strategic investors Sandbox Insurtech Ventures and TechNexus, as well as Dallas, Venture Capital and Congress Avenue Ventures. Liveoak Venture Partners, Silverton Partners, Autotech Ventures, Manchester Story, Anthem Venture Partners, and Capital Factory continued their support in this round of financing.
The current round brings the total capital invested in the company to $22M. Rollick executed initial program rollouts with several strategic partners in the second half of 2020 including finance and insurance providers, and powersports manufacturers. The new funds will be used to expand these programs nationwide and secure new programs from recreation industry players wanting to tap into Rollick’s growing customer base.
According to the RV Industry Association, the industry has been surging in terms of growth with over 420,000 units sold in 2020 with an expectation of over 500,000 in 2021.
Source: Private equity News
