Rokt Announces Secondary Transaction, Increasing Valuation to US $3.5 Billion, and Appointment of Anita Sands to the Board of Directors
Today, we’re proud to announce a secondary transaction driven by strong demand from new and existing investors. We’ve signed a stock purchase agreement for US$335 million with investors, including Tiger Global Management, Square Peg, Barrenjoey, and SecondQuarter. Board members, including Janchor Partners’ John Ho, Terry Bowen, and Karen Katz, are also buying shares. This agreement values Rokt at an incredible US$3.5 billion.
Over the past 12 years, we’ve achieved exceptional growth, and we’re continuing to accelerate. We delivered 43% year-over-year revenue growth this year alone, reaching US$600 million. This success stems from outstanding performance across the Rokt network, including our ecommerce products, the launch of our Rokt Pay+ product, the expansion of our international business, and the growth of small and medium-sized businesses through Aftersell. We’ve also made significant investments—over US$60 million—in the Rokt Brain, our AI and machine learning customer relevance engine, which delivered a 28% improvement in relevance. Griffin Schroeder, Partner at Tiger Global said, “Rokt is a trusted and valuable partner to a significant – and growing – roster of clients across the globe. We’re pleased to increase our investment as they continue to deliver for their customers.”
Over the past six years, we’ve grown revenue tenfold while heavily investing in our products and network—all while maintaining profitability. With significant inbound investor interest, we’re thrilled to provide our employees and early investors with access to over US$100 million in liquidity.
We’re also delighted to announce Anita Sands, Ph.D., is joining Rokt’s Board of Directors. Dr. Sands is a US-based investor, advisor, and speaker who serves on the boards of numerous public and private companies, including ServiceNow and Nubank, where she’s Lead Independent Director. Prior to this role, she had a career spanning financial services and technology, including serving as Group Managing Director and Chief Operating Officer of UBS Wealth Management Americas. “Rokt is transforming ecommerce through relevancy and enabling companies across verticals and across the globe to tap new revenue streams,” said Dr. Sands. “I’m extremely pleased to join the Rokt board at such an exciting moment and to work closely with the leadership team as it propels the company to new heights.”