StackAdapt Raises $235M, Valuing the Company at $2.5B

The Toronto-based adtech leader secures funding led by Ontario Teachers’ Pension Plan to fuel growth and prepare for a potential IPO.

StackAdapt, a programmatic advertising platform, raised $235 million in a funding round led by Teachers’ Venture Growth, part of Ontario Teachers’ Pension Plan.
This investment values the company at approximately $2.5 billion and is intended to support its growth and increase visibility ahead of a potential public offering in the coming years.
StackAdapt leverages AI to optimize digital advertising across channels such as native ads, video, connected TV, and more, while addressing challenges like ad fraud and data protection.
The company is projected to surpass $500 million in revenue and $125 million in operating earnings in 2025, making it one of Canada’s largest and most profitable private tech firms.
This funding round reflects growing investor confidence in Canada's tech sector, with StackAdapt seen as a key player driving innovation and economic growth.