StackAdapt Raises $235 Million in Funding
StackAdapt, a Toronto, Canada-based multi-channel programmatic advertising platform, has raised $235 million in funding.
The growth capital round was led by Teachers' Venture Growth (TVG), with participation from Intrepid Growth Partners and four other investors, bringing StackAdapt’s total investment to over $500M.
Teachers' Venture Growth (TVG) focuses on late-stage venture and growth equity investments in cutting-edge technology companies worldwide. TVG is part of the Ontario Teachers' Pension Plan Board, a global investor with net assets of CAD 255.8 billion as of June 30, 2024. TVG has a presence across Asia, North America, and Europe.
The company plans to scale R&D, enhance innovation, and expand its global presence.
Founded in 2014 by Vitaly Pecherskiy, Yang Han, and Ildar Shar, StackAdapt offers a multi-channel programmatic advertising platform that enables marketers to create and manage digital ad campaigns using AI and automation. The platform supports various channels, including display, video, native, and connected TV. Headquartered in Toronto, Canada, StackAdapt operates in 19 global markets and employs over 1,300 team members worldwide.
Funding Details
Company: StackAdapt Inc.
Raised: $235.0M
Round: Growth Equity
Funding Date: February 2025
Lead Investor: Teachers' Venture Growth
Additional Investors: Intrepid Growth Partners
Company Website: https://www.stackadapt.com/
Software Category: AI Advertising