StackAdapt announces growth capital raise

Programmatic advertising platform StackAdapt has announced a growth capital raise led by Teachers’ Venture Growth, with participation from Intrepid Growth Partners, and four other investors. 

Teachers’ Venture Growth (TVG) is the late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan.

This latest round follows the $300m USD investment made by Summit Partners in 2022 and brings StackAdapt’s total investment to over $500M USD.

Pivotal milestone

Founded in 2014 by Vitaly Pecherskiy, Yang Han, and Ildar Shar, StackAdapt was created to build a new-generation programmatic advertising platform. Its headquarters are in Toronto, Canada, and the organisation has a global team of over 1,300.

This capital raise marks a pivotal milestone for StackAdapt as it continues to expand its footprint in programmatic advertising technology, while expanding into marketing technology.

“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,” said Pecherskiy, Co-founder and CEO at StackAdapt.

“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 says, “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.”