StackAdapt, a leader in AI-powered programmatic advertising, has secured a $235 million USD investment led by Teachers’ Venture Growth (TVG), the late-stage venture arm of the Ontario Teachers’ Pension Plan. The funding round also saw participation from Intrepid Growth Partners and four additional investors. This latest investment follows a $300 million USD funding round from Summit Partners in 2022, bringing StackAdapt’s total raised capital to over $500 million USD as it continues to expand and innovate in the digital advertising space.
Founded in 2014 by Vitaly Pecherskiy, Yang Han, and Ildar Shar, StackAdapt was built to transform programmatic advertising with a focus on solving marketing challenges, leveraging AI and automation, and delivering a seamless, self-serve user experience. Headquartered in Toronto, the company now operates across 19 global markets with a team of more than 1,300 employees.
Vitaly Pecherskiy, Co-founder and CEO of StackAdapt, emphasized the evolving challenges marketing teams face in a fast-changing industry. He stated that the company remains focused on building an advanced, AI-driven platform that ensures customer success. The new investment will enable StackAdapt to accelerate its expansion into broader marketing technology solutions while strengthening its existing programmatic advertising capabilities.
TVG’s backing underscores StackAdapt’s growing influence in AI-driven advertising. Rick Prostko, Senior Managing Director at TVG, noted that StackAdapt has demonstrated consistent growth and profitability while advancing the future of advertising and marketing technology. He highlighted the company’s exceptional leadership and customer-centric approach as key factors behind the investment.
Intrepid Growth Partners also selected StackAdapt as its first-ever investment. Mark Machin, Managing Partner and Founder of Intrepid, praised the company’s ability to harness AI’s transformative potential and drive innovation in the advertising industry.
With this new funding, StackAdapt plans to accelerate research and development, expand its global presence, and enhance automation and intelligence within its platform. The company is at a pivotal stage of growth, positioning itself to redefine the way brands and advertisers engage with audiences through AI-driven marketing technology.
