Roko Labs Receives Growth Investment from WestView Capital Partners
October 24th, 2023
Boston, Massachusetts — Roko Labs, a leading full service custom software development firm, announced today that it has received a growth investment from WestView Capital Partners, a Boston-based private equity firm focused on growth-oriented middle-market companies.
Founded in 2013 by Dmitry Rakovitsky, Sergei Selin, and Amy Kadomatsu, Roko Labs specializes in turning complex business needs into successful digital products and solutions. Roko Labs provides end-to-end software engineering services, including product strategy, UX/UI design, agile software development, and cloud managed services across a variety of technology stacks. Roko Labs currently serves a diverse customer base ranging from startups to Fortune 500 companies, with significant expertise in financial services, healthcare, and B2B SaaS.
“We are excited to join forces with WestView in our next chapter of growth,” said Dmitry Rakovitsky, Co-Founder and CEO of Roko Labs. “WestView’s collaborative approach to long-term partnership is perfectly aligned with our core values and approach to our customers and employees."
Sergei Selin, Roko Labs CTO and Co-Founder, added, “We’re especially excited to tap into WestView’s deep experience in the IT services sector, which we are confident will help us to scale faster as we expand our service offerings and delivery footprint.”
“We couldn’t be more excited to partner with Dmitry, Sergei, and the entire Roko Labs team. They represent exactly the type of passionate, talented management team we seek to partner with,” said Greg Thomas, Partner at WestView. “We have been highly impressed by their portfolio of work building and supporting complex enterprise software for a longstanding base of loyal customers.”
“With extensive technical and functional expertise delivered by a highly skilled workforce distributed across the U.S., Europe, and Latin America, Roko Labs is ideally positioned to address the significant ongoing demand for complex digital engineering and transformation,” added Jeff Klofas, Vice President at WestView. “We are excited to support the Roko Labs team as they continue to expand the organization and deliver successful outcomes and products to their customers.”
WestView was represented by Latham & Watkins LLP with debt financing provided by Abacus Finance and Webster Bank. Roko Labs was represented by Goodwin Procter LLP.
About Roko Labs:
Roko Labs is a full stack software development consultancy that helps empower businesses to envision and rapidly build innovative, disruptive digital products that delight their customers. Founded in 2013 by Dmitry Rakovitsky, Sergei Selin, and Amy Kadomatsu, Roko Labs now serves a wide portfolio of clients ranging from startups to Fortune 500 companies primarily in the financial services, healthcare, and B2B SaaS sectors. Roko Labs’ global team has a proven track record of helping businesses augment, magnify, and mature their product, technology, and development resources. Learn more at https://www.rokolabs.com/
About WestView Capital Partners:
WestView Capital Partners, a Boston-based growth equity firm, is focused on middle-market growth companies and manages $2.7 billion in capital across five funds. WestView partners with existing management teams to sponsor minority and majority recapitalizations, growth capital, and consolidation transactions in several sectors, including: software, business services, IT services, healthcare technology and outsourcing, and growth industrial. WestView targets investments of $20 to $100 million in companies with revenue of at least $10 million and operating profits between $3 and $25 million. For more information, please visit www.wvcapital.com.