StackAdapt Secures $235M USD Investment Led by Teachers’ Venture Growth

TORONTO--(BUSINESS WIRE)--StackAdapt, the leading multi-channel programmatic advertising platform, today 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 round follows the $300M USD investment made by Summit Partners in 2022 and brings StackAdapt’s total investment to over $500M USD, underscoring its position as a global leader in advertising and marketing innovation.

Founded in 2014 by Vitaly Pecherskiy, Yang Han, and Ildar Shar, StackAdapt was created to build a new-generation programmatic advertising platform. StackAdapt was built on three core principles: solving customer challenges with purpose-driven solutions, harnessing the power of AI and automation to deliver advanced and powerful software capabilities, and providing a seamless, self-serve user experience with unmatched speed and accessibility. 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. With headquarters in Toronto, Canada, and a global team of over 1,300, the StackAdapt platform empowers modern marketers across 19 global markets.

"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 Vitaly 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."

“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,” said Rick Prostko, Senior Managing Director at TVG. “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.”

“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,” said Mark Machin, Managing Partner and Founder of Intrepid.

This investment 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 global presence.

J.P. Morgan acted as lead placement agent and RBC Capital Markets acted as co-placement agent to StackAdapt on the raise.

About StackAdapt

StackAdapt is a multi-channel programmatic advertising platform used by thousands of brands and agencies around the world. StackAdapt’s data-driven platform combines state-of-the-art machine learning with a clean and intuitive user interface to provide marketers with an easy way to plan, execute, and drive the best performance across all devices, inventory, and publishing partners. StackAdapt has been recognized as one of the fastest-growing technology companies in North America, is rated the number 1 demand-side platform (DSP) on G2, and is the highest-performing and easiest-to-use platform. For further information, visit www.stackadapt.com.

About TVG

Teachers’ Venture Growth (TVG) focuses on late-stage venture and growth equity investments in cutting-edge technology companies worldwide. We partner with founders with bold missions, looking to expand their product offering, scale geographically, and become the leaders in their markets. We bring long-term thinking and active investing to help build better businesses and a better world. We think globally and act locally through our direct presence across Asia, North America and Europe.

TVG is part of the Ontario Teachers' Pension Plan Board, a global investor with net assets of CAD 255.8 billion as at June 30, 2024. We invest in more than 50 countries in a broad array of assets including public and private equities, fixed income, credit, commodities, natural resources, infrastructure, real estate and venture growth to deliver retirement income for 340,000 working members and pensioners.