Rokt Closes Secondary Funding, Increasing Valuation to US$3.5 Billion
Summary
Rokt, a NYC-based company which specializes in ecommerce, closed its secondary funding, increasing its valuation to US$ 3.5 Billion. The company signed a stock purchase agreement for ~US$335M with investors including Tiger Global Management, Square Peg, Barrenjoey and SecondQuarter. The company’s AI- and ML-powered Rokt Brain and ecommerce Rokt Network will power more than 6.5 billion transactions connecting 400 million customers across the world’s leading companies, including Live Nation, Macy’s, AMC Theatres, PayPal, Uber, Hulu, Staples, Albertsons and HelloFresh. mParticle by Rokt provides real-time data activation to unlock value across ecommerce, advertising and customer engagement. The company has offices in 10 global locations and serves clients throughout North America, Europe and Asia-Pacific.