General Catalyst led a $100m Series A funding round in Rossum.

General Catalyst, a venture capital firm, led a $100m Series A funding round in Rossum, a developer of data management software. Additional investors include LocalGlobe, Seedcamp, Miton and Elad Gil. “There is a hidden opportunity in the fact that every single product in the world requires hundreds of companies to cooperate, and that produces thousands of transactions. As market leaders in document AI technology, we are in a unique position to transform the way these transactions are communicated and processed. Rossum already saved billions of keystrokes in data entry for our clients. Now we are saving people’s time across the whole process of transaction handling by building an end-to-end business communication platform. Businesses large and small are waking up to the huge gains that they will make from such a system and they trust us to deliver it,” Tomas Gogar, Rossum CEO.