The investment marks a significant milestone for StackAdapt as it continues to grow its footprint in advertising technology and expand into marketing technology. With headquarters in Toronto and a team of over 1,300, StackAdapt operates in 19 global markets. The company is recognized for its advanced, automated platform that helps marketers drive growth and reach customers effectively. The investment will support StackAdapt’s strategic expansion and innovation efforts, with J.P. Morgan and RBC Capital Markets acting as placement agents for the funding round.
Key takeaways:
- StackAdapt has secured a $235M USD investment led by Teachers' Venture Growth, with participation from Intrepid Growth Partners and four other investors.
- This investment follows a $300M USD investment by Summit Partners in 2022, bringing StackAdapt's total investment to over $500M USD.
- StackAdapt is a leading multi-channel programmatic advertising platform, recognized as one of the fastest-growing technology companies in North America.
- The company plans to use the funds to expand its research and development, increase innovation capacity, and expand its global presence.