Rokt, the global leader in e-commerce technology, announced it has raised $80 million in Series D funding round led by TDM Growth Partners. Existing investor Square Peg also participated in the funding round. Post funding, Rokt’s valuation has increased to $450 million.
The company will use the capital to accelerate research & development and support the expansion of its client base into new verticals and geographies as Rokt continues to make e-commerce smarter, faster, and better.
“With the industry facing COVID-related challenges, brands need alternative revenue sources and acquisition channels,” said CEO, Bruce Buchanan. “Rokt continues to be laser-focused on bringing value to the hundreds of e-commerce companies that rely on our technology to deliver top- and bottom line results, and will continue to drive innovation and deliver results that the market desperately needs,” Bruce continued, “We are delighted for the investment and strategic guidance from our shareholders and look forward to continuing to deliver on our mission.”
“Despite the COVID-19 pandemic and the resulting uncertainty, we still have high conviction in market leading technology companies. Rokt is certainly one of these businesses. We are thrilled to increase our investment in Rokt and continue our partnership with Bruce and the business,” said TDM partner, Tom Cowan.
The additional funding sets up a strong foundation for continued rapid growth of Rokt. Rokt closed their $48 million Series C investment round less than a year ago. Recently, they have invested in strengthening their leadership team, hiring an SVP of Marketing, a new Chief Technology Officer, and 3 additional executive appointments in the last 4 months. Their world-class technology was also recognized by the MarTech Breakthrough awards as the Best Use of AI in MarTech.
Founded in Sydney, the company now operates in the US, Canada, the UK, Ireland, France, Germany, the Netherlands, Denmark, Sweden, Norway, Finland, Spain, Australia, New Zealand, Singapore, and Japan.
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