Time-backed online marketing software producer Rokt pushed its valuation to $450m in a round led by TDM Growth Partners.

Rokt, a US-headquartered e-commerce software producer that counts magazine publisher Time as an investor, has secured $80m in its series D round, the Wall Street Journal has reported.

The round was led by investment firm TDM Growth Partners and also featured venture capital fund Square Peg Capital. It valued Rokt at $450m and increased the company’s overall funding to at least $162m.

Founded in Australia in 2012, Rokt produces software intended to help personalise online transactions and potentially drive further…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.