Rollick, which operates the GoRollick Powersports, RV, and Boat Buying Program Marketplace, has closed $8.5M in funding. The new investment comes from strategic investors Sandbox Insurtech Ventures and TechNexus Venture Collaborative, as well as Dallas Venture Capital, Alumni Ventures, and London Technology Club. LiveOak Venture Partners, Silverton Partners, Autotech Ventures, ManchesterStory, 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 company said 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.
“Rollick is truly unique in the way it has established a platform with both high-quality buyers from its affinity partners, and how it’s positioned itself within the purchase process of powersport, RV and boat products,” said Christopher Zock, Sandbox Insurtech Ventures managing director. “New and innovative ways to market and originate insurance policies is an important focus for both our fund and insurance company partners.”
“The recreation category has seen unprecedented growth in the second half of 2020 as people look for ways to get outdoors, have fun, and stay safe during the pandemic” said Bernie Brenner, Rollick founder and CEO. “We set out three-and-a-half years ago to help recreation dealers and manufacturers provide a deeper digital engagement with consumers, creating a higher quality transaction and increasing customer satisfaction.”