RocketBoots’ $432K Bank Contract Extension and $4M Capital Raise Boost Growth
RocketBoots Limited advanced multiple international trials of its AI-powered loss prevention software and secured a $4 million capital raise, positioning itself for accelerated global expansion.
- Successful multinational retailer trial completed in US and UK
- Contract extension with major Australian retail bank worth $432K
- Partnership signed with Gebit Solutions to boost international market access
- Post-quarter $4 million placement raised to fund sales and expansion
- Bombora Investment Management to take strategic stake and board seat
Strong Momentum in Customer Trials
RocketBoots Limited (ASX:ROC) reported significant progress in the March 2025 quarter, advancing multiple customer trials of its AI-driven loss prevention software. Notably, the company completed a successful trial with a top 10 multinational retailer operating in the US and UK, which met strict GDPR data security requirements and delivered a positive return on investment. This trial has evolved into ongoing contract extensions, with fees now representing approximately 8% of RocketBoots’ FY2024 revenue, underscoring strong demand from leading retail players.
Additional trials are underway with three UK retailers, currently advancing to return on investment analysis, while integrations with a New Zealand retailer are nearing completion ahead of trial commencement. These developments highlight RocketBoots’ growing footprint in key international retail markets.
Renewed Partnership with Australian Retail Bank
RocketBoots also secured a two-year contract extension with a major Australian retail bank, continuing a foundational six-year partnership. The contract, valued at $432,000 prepaid, supports the ongoing deployment of RocketBoots’ software across the bank’s branch network, aimed at optimising workforce management, enhancing customer service, and increasing operational transparency.
This renewal reinforces the company’s sustainable business model and its ability to deliver measurable value in the billion-dollar retail and banking sectors.
Strategic Partnership and Capital Raise Fuel Growth
In a strategic move to accelerate international market penetration, RocketBoots signed a partnership agreement with Germany-based Gebit Solutions. Gebit’s extensive retail POS software customer base across 32 countries offers RocketBoots a ready channel to introduce its AI-powered loss prevention platform, facilitating faster customer onboarding and lead generation.
Subsequent to the quarter, RocketBoots completed a well-supported $4 million placement at $0.08 per share. The capital raise is earmarked to drive sales initiatives and support the company’s global enterprise pipeline. Importantly, Bombora Investment Management committed $1 million as part of this placement, taking a strategic stake of approximately 7.5% and securing a board seat, signaling strong institutional confidence in RocketBoots’ growth trajectory.
Financial Position and Outlook
At quarter-end, RocketBoots reported a cash balance of $433,000, with operating cash outflows in line with forecasts. The company anticipates improved cash flow from contract renewals and new trials in the coming quarters. The successful capital raise and strategic partnership are expected to underpin RocketBoots’ ability to scale its AI SaaS platform across retail and banking sectors globally.
With a strengthened balance sheet and expanding international footprint, RocketBoots is well positioned to capitalize on growing demand for AI-enabled loss prevention and workforce optimisation solutions.
Bottom Line?
RocketBoots’ recent contract wins, strategic partnerships, and capital infusion set the stage for a pivotal phase of global expansion.
Questions in the middle?
- How quickly will RocketBoots convert multinational retailer trials into large-scale global contracts?
- What impact will the Gebit Solutions partnership have on RocketBoots’ sales pipeline and revenue growth?
- Will shareholder approval for the second tranche of the placement and Bombora’s board appointment proceed smoothly?
