Canada – StackAdapt has secured a $235m growth capital investment led by Teachers’ Venture Growth (TVG), the late-stage venture and growth arm of Ontario Teachers’ Pension Plan, with participation from Intrepid Growth Partners and four other investors.

Founded in 2014 by Vitaly Pecherskiy, Yang Han, and Ildar Shar, StackAdapt built a next-generation programmatic advertising platform focused on solving customer challenges, leveraging AI and automation, and delivering a fast, seamless self-serve experience.

With this funding, StackAdapt will strengthen its presence in programmatic advertising while expanding into marketing technology. Headquartered in Toronto with a global team of over 1,300, StackAdapt supports modern marketers across 19 markets worldwide.

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

“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,” Pecherskiy added. 

This round follows Summit Partners’ $300M investment in 2022, bringing StackAdapt’s total funding to over $500M. The investment comes as the company expands its research and development, enhances its technology capabilities, and grows its global presence.

J.P. Morgan served as lead placement agent, with RBC Capital Markets as co-placement agent for the raise.

“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. 

He continued, “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,” Mark Machin, managing partner and founder of Intrepid, added.