StackAdapt, a leading programmatic advertising platform, announced Tuesday that it has secured a $235 million investment to accelerate its expansion and innovation in AI-driven marketing technology. The funding round was led by Teachers’ Venture Growth (TVG), the growth investment arm of the Ontario Teachers’ Pension Plan, with participation from Intrepid Growth Partners and four other undisclosed investors.
Fueling Expansion in Ad Tech and AI Innovation
The Toronto-based company, which operates in 19 global markets, will use the fresh capital to enhance its programmatic advertising technology and expand into broader marketing technology solutions.
Founded in 2014, StackAdapt has positioned itself as a leader in multichannel programmatic advertising, leveraging artificial intelligence (AI) to enhance ad targeting, optimization, and campaign performance.
Investor Confidence in StackAdapt’s Growth Trajectory
Rick Prostko, senior managing director at TVG, emphasized the company’s strong performance and leadership in ad tech.