Australia: ROKT completes $26m Series B led by Moelis Australia

Digital referral marketing firm ROKT today announced the conclusion of a $26 million Series B funding round, led by ASX-listed Moelis Australia Ltd. John Ho, Lachlan Murdoch, Greg Roebuck, Square Peg Capital and NYSE-listed Time Inc. also participated in this investment.

ROKT had earlier raised $15 million in February 2017 as part of its Series B round and raised an additional $11 million recently. The firm said the investment process was structured this way to facilitate its acquisition of strategic assets to broaden its offering as well as accelerate its global growth.

ROKT acquired CalReply shortly after the February instalment of the Series B round. The company also expanded its team, hiring managing directors to spearhead its expansion in EMEA and APAC, and advanced its technology platform to deliver more and better results for advertisers and e-commerce partners in the company’s global network.

ROKT caters to e-commerce operators by applying its algorithmic engine to optimise customers’ journeys as well as monetise underutilised portions of their websites. This allows it to aid performance marketers to engage with and acquire customers at scale when they’re most receptive, such as when they have made an online transaction from a trusted brand. Its customers include eBay, Ticketmaster, Live Nation, Gumtree, AXS, Dominos and Kogan, among others.

“This US$26 million funding round is one of the biggest this year for an Australian company,” said Tushar Roy, a Square Peg Capital Partner. “It represents more than investor confidence in the company. It serves as a reaffirmation of our belief that ROKT will persist to gather speed along its path to becoming a company that profoundly changes the way brands acquire and convert customers worldwide.”

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.