Rokt, a New York-based leading eCommerce technology using AI and machine learning, announced that it closed a $325 million in Series E funding, bringing the company's valuation to $1.95 billion.
The round was led by Tiger Global, with participation from Wellington Management, Whale Rock Capital Management, Pavilion Capital, and existing shareholder Square.
Rokt will use the new funding to invest in R&D, international expansion, and strategic acquisitions.
Company: Rokt Pte Ltd.
Raised: $325.0M
Round: Series E
Funding Month: December 2021
Lead Investors: Tiger Global
Additional Investors: Wellington Management, Whale Rock Capital Management, Pavilion Capital, and shareholder Square
Company Website: https://www.rokt.com/
Software Category: E-commerce marketing software
About the Company: Rokt, is the global leader in eCommerce
technology, helping companies seize the full potential of every transaction moment to grow revenue and acquire new customers at scale. Live Nation, Groupon, Staples, Lands' End, Fanatics, GoDaddy, Vistaprint, and HelloFresh are among the more than 2,500 leading global businesses and advertisers that are using Rokt's solutions to drive more value through every transaction by offering highly relevant messages to their customers at the moment they are most likely to convert. Founded in Australia, the company currently operates in
19 countries across North America, Europe, and the Asia-Pacific region with the largest office now in New York City.
Source: https://www.prnewswire.com/news-releases/rokt-secures-usd325-million-series-e-funding-round-led-by-tiger-global-301446427.html