Stacking up $235M for StackAdapt

Toronto-based programmatic advertising startup StackAdapt has secured $235 million in a funding round led by Teachers' Venture Growth (TVG). The investment supports the company’s AI-powered platform, which aims to transform digital advertising across industries.

Investor Highlights: The fund was led by Teachers' Venture Growth (TVG), the investment arm of Ontario Teachers’ Pension Plan. Additional Investors include Intrepid Growth Partners and four unnamed investors.

Whats Ahead: The company plans to use the funds to scale its operations and broaden its market presence. The funding will drive AI and automation advancements to combat ad fraud, improve targeting, and enhance cost-effectiveness.

“Following the 2022-2023 lull, companies are shifting their focus toward growth and increasing their investments,” said Vitaly Pecherskiy, the CEO who co-founded the company with Yang Han and Ildar Shar, in a statement to TechCrunch. “That said, growth at all costs is no longer the priority. Companies are looking for solutions to drive their business forward while prioritizing cost-effectiveness through automation and AI. As a result, we are seeing strong demand for our product.” - StackAdapt CEO Vitaly Pecherskiy shares on a statement to TechCrunch.

Founded in 2014 by Vitaly Pecherskiy, Yang Han, and Ildar Shar, StackAdapt provides a multi-channel programmatic advertising platform used by global brands and agencies. This $235M investment positions StackAdapt to grow its influence further in the rapidly evolving digital advertising space, leveraging AI to drive smarter, more efficient ad solutions.