StackAdapt raises $235 million to drive AI-powered programmatic advertising growth

StackAdapt, a leading AI-powered programmatic advertising platform, has announced a $235 million equity funding round.

Led by Teachers’ Venture Growth (TVG), the investment arm of the Ontario Teachers’ Pension Plan, the round also saw participation from Intrepid Growth Partners and four other investors.

This funding values StackAdapt at approximately $2.5 billion, with annual revenues of $500 million. Since its founding in 2014, the company has provided programmatic solutions across native advertising, display, video, connected TV (CTV), audio, and more, serving industries like healthcare, retail, B2B, and political campaigns.
With programmatic now accounting for over 90% of digital ad spend, StackAdapt is addressing key challenges like fraud prevention and data protection. Leveraging over a decade of AI expertise, StackAdapt has built tools to tackle ad fraud, improve brand safety, and deliver cost-effective solutions for advertisers and publishers.

Vitaly Pecherskiy, CEO and Co-Founder, StackAdapt said, “Companies are seeking growth solutions that prioritise cost-effectiveness through automation and AI.

“StackAdapt continues to see strong demand for our product as we help customers drive business results while navigating industry challenges.”