Australian startup Rokt, a marketing technology company, closed an investment round of $US48 million from global investment firm TDM Growth Partners and existing investors.
The cash will help accelerate research and development for the company founded by former Jetstar CEO Bruce Buchanan in Sydney in 2012.
The investment round brings total capital raised to $US82 million.
Rokt helps serve customers who increasingly expect more personalised and relevant experiences when they buy online.
“As we close out our strongest year on record, with over $US100M in revenue, we’re delighted to bring on TDM Growth Partners as not only an investor but a long-term strategic partner,” says Buchanan, CEO of Rokt.
Rokt, which recently acquired B2B marketplace OfferLogic, solves complex e-commerce challenges for global clients including Live Nation, Staples,Groupon, GoDaddy, Expedia and Wells Fargo.
TDM partner Tom Cowan will join Buchanan, John Ho, Tek Heng and Tushar Roy on the Board of Directors of Rockt.
Also joining the Board of Directors is Groupon chief operating officer Steve Krenzer.
Rokt now operates in the US, Canada, UK, France, Germany, Australia, New Zealand, Singapore, The Netherlands, Spain and Japan.
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