E-commerce marketing technology company Rokt has joined an exclusive group of growth-stage private tech companies globally that have managed to increase their valuations significantly in 2022, despite the toughest capital raising conditions in recent memory.

In a positive sign for its 2023 initial public offering aspirations, early Rokt employees and investors sold a tranche of shares to local VC fund Square Peg Capital and one of the world’s largest investment firms, Wellington Management, in a secondary round that valued the business at $US2.4 billion ($3.5 billion).