StackAdapt, a leading multi-channel programmatic advertising platform, announced a growth capital raise led by Teachers’ Venture Growth (TVG), the late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan, with participation from Intrepid Growth Partners, and four other investors.
This latest funding round follows the $300 million investment from Summit Partners in 2022 and brings StackAdapt’s total investment to over $500 million, validating its position as a global leader in advertising and marketing innovation.
Launched in 2014 by Vitaly Pecherskiy, Yang Han, and Ildar Shar, StackAdapt was created to build a new-generation programmatic advertising platform. And StackAdapt was created on three core principles:
1.) Solving customer challenges with purpose-driven solutions,
2.) Utilizing the power of AI and automation to deliver advanced and powerful software capabilities and
3.) Providing a seamless, self-serve user experience with unmatched speed and accessibility.
This funding raise marks a major milestone for StackAdapt as it continues to expand its footprint in programmatic advertising technology while expanding into marketing technology. And with headquarters in Toronto, Canada, and a global team of over 1,300, the StackAdapt platform empowers modern marketers across 19 global markets.
This funding round comes at a point of strategic inflection for StackAdapt as it continues to rapidly scale its research and development, increase innovation capacity, and expand its global presence.
JPMorgan acted as lead placement agent and RBC Capital Markets acted as co-placement agent to StackAdapt on the raise.
KEY QUOTES:
“The challenges marketing teams face are vast and evolving rapidly. Much of the pressure to drive growth rests on their shoulders as they work to reinvent operations and discover new ways to reach customers effectively, profitably, and predictably. To help them stay ahead of the curve, we are relentlessly focused on building the most advanced, intelligent, and automated platform to make their success inevitable. We are excited to partner with TVG and the other great investors in this round to drive growth and innovation within StackAdapt, continuing on our mission to transform how marketers use technology to create value within their companies.”
- Vitaly Pecherskiy, Co-founder and CEO at StackAdapt
“We are proud to support StackAdapt, a leading Canadian technology company, on its trajectory to becoming the global leader in AI-driven, end-to-end advertising. The company has been able to demonstrate consistent growth and profitability while building the future of advertising and marketing technology. We have been impressed by their exceptional team, visionary leadership, and relentless focus on delivering customer value.”
- Rick Prostko, Senior Managing Director at TVG
“Intrepid is thrilled to make StackAdapt its first investment. Vitaly, Yang, and their team have built a remarkable company that highlights the tremendous potential of AI.”
- Mark Machin, Managing Partner and Founder of Intrepid
