Country for PR: United States
Contributor: PR Newswire New York
Thursday, October 31 2019 - 08:00
Rokt closes US$48M Series C investment round to drive growth
SYDNEY, Oct. 31, 2019 /PRNewswire-AsiaNet/ --

-- Led by TDM Growth Partners, the funding round brings the total investment in 
the profitable tech leader to US$82M

Rokt ( 
), the global leader in e-commerce marketing technology, today announced an 
investment of  US$48M from global investment firm, TDM Growth Partners ( 
), as well as  existing investors. The capital will help accelerate research & 
development as Rokt continues to make e-commerce smarter, faster and better.

Logo -

Rokt has transformed e-commerce by identifying that when customers are buying 
online as a consumer or on behalf of a business, they increasingly expect more 
personalized and relevant experiences. Rokt's proprietary technology unlocks 
the hidden potential in every single Transaction Momentâ„¢ enabling clients to 
stay ahead of their competition, iterate and learn faster, and deliver a more 
relevant customer experience.

"As we close out our strongest year on record, with over US$100M in revenue, 
we're delighted to bring on TDM Growth Partners as not only an investor but a 
long-term strategic partner," commented Bruce Buchanan, CEO of Rokt. "TDM have 
an envied track record of investing in high growth global tech companies and 
long time horizons in their approach. Their investment, and strategic guidance 
will allow us to accelerate our investment in research & development to deliver 
our clients smarter e-commerce solutions and better experiences for their 

Rokt, who recently acquired B2B marketplace OfferLogic( 
) and appointed their first Chief Financial Officer( 
), solves complex e-commerce challenges for global clients including Live 
Nation, Staples, Groupon, GoDaddy, Expedia and Wells Fargo. The company's 
proprietary technology, machine learning and AI, unlocks value through 
relevancy and new revenue streams, by ensuring every step in an e-commerce 
transaction is the next best action for each individual customer. Rokt is 
currently active in 11 countries with more than 220 employees worldwide.

"TDM travels the world looking to invest in businesses that have built 
sustainable and long duration growth profiles and we know we have certainly 
found this in Rokt," said TDM partner, Tom Cowan. "We are delighted to add 
another unique, highly scalable hyper growth company to our portfolio of 
successful technology companies which have included such businesses as Twilio, 
LiveRamp, and Mindbody in the US, as well as Tyro, Aconex and  CultureAmp in 
Australia. We look forward to supporting Rokt as they drive forward world-class 
technology to transform e-commerce."

Tom Cowan will join Bruce Buchanan, John Ho, Tek Heng and Tushar Roy on the 
Board of Directors. Cowan, currently serves on the Board of Directors of Guzman 
y Gomez and has significant experience as a high-performing investor and Board 

Also joining the Board of Directors is Groupon Chief Operating Officer, Steve 
Krenzer who has extensive entrepreneurial and digital experience. Krenzer 
brings scaling and strong domain experience to the Rokt Board of Directors. 

"Having built and developed multiple global organizations in both e-commerce 
and marketing technology including Groupon, Core Digital Media and Experian, I 
identified the potential in Rokt, their world-class technology and visionary 
mission from early on," said Krenzer. "I am delighted to be working with Bruce, 
Tom and the rest of the board in developing this vision and supporting the 
business as it continues to expand in the US and beyond."

The addition of these board members, along with the additional funding, set up 
a strong foundation for continued rapid growth of Rokt.

For more information on Rokt, please visit

For more information on TDM. Growth Partners please visit 

For more information about the investment, please contact 


Rokt is the global leader in e-commerce marketing technology. When customers 
are buying online, they increasingly expect more personalized and relevant 
experiences. We unlock the hidden potential in every single Transaction 

Founded in Sydney, Rokt now operates in the US, Canada, UK, France, Germany, 
Australia, New Zealand, Singapore, The Netherlands, Spain and Japan. 

Our clients include Live Nation, Staples, Groupon, GoDaddy, Expedia, Wells 
Fargo, Vistaprint and HelloFresh.  

Learn more at  


TDM Growth Partners is a global investment firm with offices currently in 
Sydney and New York. 

TDM invests in fast growing companies run by passionate management teams. Our 
unique and flexible mandate allows us to invest in public and private companies 

TDM operates on long-term time horizons, and a commitment to help build 
businesses we're proud of. We have a highly focused approach to investing, with 
a portfolio of no more than 15 investments globally. TDM has the ability to 
deploy capital up to $125 million per investment.