Australian startup Rokt raises $48m from TDM Growth Partners, others

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Sydney-headquartered e-commerce marketing technology company Rokt has raised $48 million in a Series C funding round from global investment firm TDM Growth Partners and its existing investors, according to an announcement.

The funding round, which brings the total investment in Rokt to $82 million, will help accelerate the company’s research & development work.

Rokt, founded by former Jetstar boss Bruce Buchanan in 2012, is currently present in 11 countries and claims to have a headcount of over 220 employees worldwide. Its clients include Live Nation, Staples, Groupon, GoDaddy, Expedia and Wells Fargo.

The company enables e-commerce firms to promote goods that are not selling, besides personalising offers for complimentary products for customers after they have completed a transaction.

Rokt recently made headlines for acquiring B2B marketplace OfferLogic.

TDM’s investment “will allow us to accelerate our investment in research & development to deliver our clients smarter e-commerce solutions and better experiences for their customers,” said Bruce Buchanan, CEO of Rokt.

TDM partner Tom Cowan added: “We look forward to supporting Rokt as they drive forward world-class technology to transform e-commerce.” With the transaction, Cowan is set to join the Board of Directors of Rokt.

TDM Growth Partners, that has the ability to deploy capital up to $125 million per investment, has around 15 investments globally. Its portfolio companies include Twilio, LiveRamp, and Mindbody in the US, as well as Tyro, Aconex and CultureAmp in Australia.

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.