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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.

This $235 million investment follows a $300 million investment from Summit Partners in 2022, bringing StackAdapt’s total funding to $500 million.

A Growing Force in AI-Driven Advertising

StackAdapt’s self-serve platform is built on three key principles:

• Purpose-driven solutions to address marketing challenges
• AI-powered software capabilities for advanced advertising optimization
• A seamless, user-friendly experience for marketers worldwide

With this latest funding round, StackAdapt aims to further solidify its position as a global leader in AI-powered marketing solutions, providing cutting-edge tools to help brands reach audiences more effectively and profitably.