StackAdapt secures USD $235m for global expansion effort

StackAdapt, a programmatic advertising platform, has successfully secured a USD $235 million investment to fuel its global expansion.

The investment round was led by Teachers' Venture Growth (TVG), part of the Ontario Teachers' Pension Plan, with participation from Intrepid Growth Partners and four other investors. This funding follows a USD $300 million investment in 2022 by Summit Partners, bringing StackAdapt's total investment to over USD $500 million.

StackAdapt was founded in 2014 by Vitaly Pecherskiy, Yang Han, and Ildar Shar to create a next-generation programmatic advertising platform. The platform is built around three core principles: providing purpose-driven solutions to customer challenges, leveraging AI and automation for advanced software capabilities, and ensuring a seamless self-serve user experience.

With headquarters in Toronto and a workforce of more than 1,300, StackAdapt offers its platform to marketers in 19 global markets. The recent capital raise represents a significant milestone for StackAdapt as it strengthens its role in the programmatic advertising landscape and expands into marketing technology.

Vitaly Pecherskiy, Co-founder and CEO of StackAdapt, said, "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."

Rick Prostko, Senior Managing Director at TVG, commented, "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."

Mark Machin, Managing Partner and Founder of Intrepid, said, "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."

The funding will enable StackAdapt to enhance its research and development efforts, increase its capacity for innovation, and broaden its global presence. J.P. Morgan acted as the lead placement agent, while RBC Capital Markets served as a co-placement agent for this funding round.