Toronto-based programmatic advertising startup StackAdapt has secured $235 million in a growth funding round led by Teachers’ Venture Growth (TVG), the investment arm of the Ontario Teachers’ Pension Plan. The round also included participation from Intrepid Growth Partners and four unnamed investors.
This funding marks a significant milestone for StackAdapt, which has grown steadily since its 2014 launch, initially bootstrapping its operations before raising 300millionfromSummitPartnersin2022.Whilethecompany’scurrentvaluationremainsundisclosed,the2022investmentreportedlyvalueditatover300millionfromSummitPartnersin2022.Whilethecompany’scurrentvaluationremainsundisclosed,the2022investmentreportedlyvalueditatover600 million.
StackAdapt specializes in AI-driven programmatic advertising, offering solutions across various verticals, including political campaigns, retail, healthcare, and financial services. Its platform supports multiple ad formats, such as native advertising, display, video, connected TV, audio, and in-game ads.
The rise of AI and automation in programmatic advertising has introduced challenges like ad fraud, brand safety concerns, and data protection issues. However, StackAdapt leverages a decade of ad traffic analysis to combat these problems, positioning itself as a leader in the evolving digital advertising landscape.
CEO Vitaly Pecherskiy highlighted the growing demand for cost-effective, AI-driven solutions as companies prioritize growth and efficiency. TVG’s Rick Prostko praised StackAdapt’s consistent growth, profitability, and customer-focused approach, underscoring its potential to become a global leader in advertising technology.
The funding will support StackAdapt’s next phase of growth, with a focus on expanding its AI capabilities and maintaining its competitive edge in the programmatic advertising market.
