StackAdapt Secures $235M USD Funding, Led By Teachers’ Venture Growth
Toronto, ON – StackAdapt, a leading multi-channel programmatic advertising platform, has announced a significant growth capital raise led by Teachers’ Venture Growth (TVG), a late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan. This round also saw investments from Intrepid Growth Partners and four other undisclosed investors. Following a $300M USD investment by Summit Partners in 2022, StackAdapt’s total investment now exceeds $500M USD, reaffirming its status as a global leader in advertising and marketing innovation.
Founding Principles and Mission
Launched in 2014 by Vitaly Pecherskiy, Yang Han, and Ildar Shar, StackAdapt was built with a mission to address marketing challenges through purpose-driven solutions. The platform leverages artificial intelligence (AI) and automation to deliver powerful software capabilities, ensuring a seamless, self-serve user experience that is both fast and accessible. With these core principles guiding their development, StackAdapt has continued to grow rapidly, expanding its capabilities and presence in the global market.
Partnership and Vision
Commenting on the investment, Vitaly Pecherskiy, Co-founder and CEO of StackAdapt, stated, “Marketing teams face vast and evolving challenges. They are under pressure to drive growth by reinventing operations and finding new, effective ways to reach customers profitably and predictably. To support their efforts, we are focused on building the most advanced, intelligent, and automated platform to ensure their success. We are excited to partner with TVG and our other investors to continue advancing StackAdapt’s mission to transform how marketers use technology to create value within their companies.”
Investor Commitment
TVG, known for its support of cutting-edge technology companies, is excited to invest in StackAdapt’s future. Rick Prostko, Senior Managing Director at TVG, expressed his enthusiasm: “We are proud to support StackAdapt, a leading Canadian technology company, on its journey to become the global leader in AI-driven, end-to-end advertising. The company has demonstrated consistent growth and profitability, building the future of advertising and marketing technology. We have great confidence in their exceptional team, visionary leadership, and customer-focused approach.”
Intrepid Growth Partners also shared its excitement about the investment. Mark Machin, Managing Partner and Founder of Intrepid, stated, “Intrepid is thrilled to make StackAdapt its first investment. Vitaly, Yang, and their team have built a remarkable company that showcases the tremendous potential of AI in the advertising landscape.”
Next Steps for StackAdapt
This strategic investment will allow StackAdapt to accelerate its research and development, enhance its innovation capabilities, and further its global expansion. With a focus on continuous improvement, StackAdapt aims to become an indispensable tool for marketers worldwide, providing the advanced technological solutions they need to thrive in an ever-evolving digital landscape.
Leadership and Team
Based in Toronto, Canada, StackAdapt’s global team consists of over 1,300 dedicated professionals. They serve marketers in 19 global markets, empowering them with a data-driven platform that combines state-of-the-art machine learning with an intuitive user interface. StackAdapt is recognized for its rapid growth and has been rated the number 1 demand-side platform (DSP) on G2. The platform is renowned for its high performance and user-friendliness.
About TVG
Teachers’ Venture Growth (TVG) specializes in late-stage venture and growth investments in innovative technology companies. Part of the Ontario Teachers’ Pension Plan Board, TVG works with founders on bold missions to expand their product offerings, scale globally, and become market leaders. With investments exceeding $255.8 billion as of June 30, 2024, OTPP operates in over 50 countries, spanning a variety of assets including public and private equities, fixed income, credit, commodities, natural resources, infrastructure, real estate, and venture growth. TVG and OTTP aim to build sustainable businesses that contribute to a better world.
About StackAdapt
StackAdapt is a multi-channel programmatic advertising platform serving thousands of brands and agencies worldwide. Its platform uses data-driven insights, AI, and a clean interface to give marketers an easy way to optimize campaigns across various devices and publishing partners. For more information, visit www.stackadapt.com.
Getting in Touch
For media inquiries, contact Alexis Gold at alexis.gold@purposenorthamerica.com or James DeCosimo at media@otpp.com.
Conclusion
The investment in StackAdapt underscores its commitment to innovation and its impact on the advertising industry. With continued support from TVG and other investors, StackAdapt is well-positioned to drive growth and transform how marketers use technology to achieve their goals. Stay tuned for more updates on StackAdapt’s journey and advancements in digital marketing technology.
We invite our readers to share their thoughts on this exciting development in the comments below. Don’t forget to like, share, and subscribe for more insightful news and updates on the latest trends in technology and marketing.
