Funding round
Rokt Series E
Rokt, which works in e-commerce transaction marketing solutions in New York, raised $325M in a Series E round announced on 16 Dec 2021, led by Tiger Global, at a $1.95B post-money valuation. 5 firms took part, 1 of them already investors. It is Rokt's third venture round on record; the one before was a Series D in Oct 2020.
$325M
Amount raised
$1.95B
Post-money valuation
5
Investors
1 lead
4.3x
Step-up from the Series D
$450M in Oct 2020
17%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Rokt at $1.95B after the new money, 4.3 times the $450M of its Series D (Oct 2020). The $325M bought investors about 17% of the company. It came 14 months after Rokt's Series D. It is 75% of the $431M Rokt has raised in the venture rounds on record. No later venture round is on record for Rokt.
Rokt's funding rounds
Rokt has 3 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
Tiger Global led the round with 4 other firms. Square Peg had backed Rokt before.
Lead investor
- Tiger Global new investor
Also in the round
- Wellington Management new investor
- Whale Rock Capital Management new investor
- Pavilion Capital new investor
- backs 55 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and acquisitions.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
Comparable rounds
How it compares
108 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $150M, and this round was 2.2 times the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Job&Talent Tech Companies | 1 Dec 2021 | $500M | $2.35B | Kinnevik |
| Claroty Tech Companies | 8 Dec 2021 | $400M | not disclosed | SoftBank Vision Fund and Bessemer Venture Partners |
| Tech Companies | 15 Dec 2021 | $186M | $1.50B | Wellington Management |
| Innovaccer Tech Companies | 15 Dec 2021 | $150M | $3.20B | Mubadala Capital |
| Tech Companies | 22 Dec 2021 | $100M | not disclosed | Global Founders Capital and Tiger Global |
| Tech Companies | 24 Dec 2021 | $26M | not disclosed | not named |
| Socure Tech Companies | 9 Nov 2021 | $450M | $4.50B | Accel and T. Rowe Price |
| PayFit Tech Companies | 6 Jan 2022 | $287M | $2.10B | General Atlantic |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Rokt raise in its Series E round?
Rokt raised $325M in its Series E round, announced in Dec 2021.
Who led Rokt's Series E round?
Tiger Global led it, with Wellington Management, Whale Rock Capital Management, Pavilion Capital and Square Peg.
What was Rokt's valuation at the Series E round?
$1.95B post-money.
How does it compare with other Series E rounds in Tech Companies?
108 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $150M, and this round was 2.2 times the median.