Funding round
Rokt Series D
Rokt, which works in e-commerce transaction marketing solutions in New York, raised $80M in a Series D round announced on 22 Oct 2020, led by TDM Growth Partners, at a $450M post-money valuation. 2 firms took part, 2 of them already investors. It is Rokt's second venture round on record; the one before was a Series B in Jun 2017.
$80M
Amount raised
$450M
Post-money valuation
2
Investors
1 lead
18%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Rokt at $450M after the new money. The $80M bought investors about 18% of the company. It came 40 months after Rokt's Series B. It is 19% of the $431M Rokt has raised in the venture rounds on record. Rokt raised again 14 months later: a Series E round of $325M in Dec 2021, at $1.95B post-money.
Rokt's funding rounds
Rokt has 3 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
TDM Growth Partners led the round with 1 other firm. TDM Growth Partners and Square Peg had backed Rokt before.
Lead investor
- TDM Growth Partners existing investor
Also in the round
- backs 55 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
185 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $80M, and this round was close to the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 27 Oct 2020 | $125M | $1.00B | General Catalyst |
| Tech Companies | 19 Oct 2020 | $80M | not disclosed | Tiger Global |
| Tech Companies | 14 Oct 2020 | $55M | not disclosed | Qumra Capital |
| Tech Companies | 6 Oct 2020 | $55M | not disclosed | Caisse de dépôt et placement du Québec (CDPQ) and NightDragon |
| Tech Companies | 15 Oct 2020 | $53M | not disclosed | Salt Partners |
| Tech Companies | 12 Oct 2020 | $45M | $366M | HealthQuest Capital |
| Tech Companies | 17 Nov 2020 | $270M | not disclosed | GGV Capital and Access Technology Ventures |
| Attentive Tech Companies | 23 Sep 2020 | $230M | $2.20B | Coatue |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Rokt raise in its Series D round?
Rokt raised $80M in its Series D round, announced in Oct 2020.
Who led Rokt's Series D round?
TDM Growth Partners led it, with Square Peg.
What was Rokt's valuation at the Series D round?
$450M post-money.
How does it compare with other Series D rounds in Tech Companies?
185 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $80M, and this round was close to the median.
Did Rokt raise again after this round?
Yes: a Series E round in Dec 2021 of $325M at $1.95B post-money.