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- StackAdapt
StackAdapt Revenue, Valuation, Funding & Investors
StackAdapt is valued at $2.5B as of February 2025, a 5.0x multiple on its last reported $500M revenue.
Last StackAdapt valuation
$2.5B
Undisclosed stage · Feb 2025
Last StackAdapt funding round
$235M
Undisclosed stage · Feb 2025
StackAdapt revenue
$500M
Undisclosed stage · Feb 2025
Key investors in StackAdapt
Summit Partners
MaRS Investment Accelerator Fund
Teachers’ Venture Growth
Plaza Ventures
Intrepid Growth Partners
Slaight Communications
About StackAdapt
StackAdapt is a Toronto-headquartered programmatic advertising DSP handling native, display, video, CTV, audio, DOOH, and in-game formats via self-serve interface. Ranked number one on G2 for six years through 2023, it processes billions of impressions daily using ML for audience targeting across 30+ countries. Advertisers access premium inventory from publishers like The New York Times and Paramount with transparent bidding analytics.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Usage-based, Subscription
Revenue
$500M (Feb 2025)
Valuation
$2.5B (Feb 2025)
StackAdapt Valuation
StackAdapt is currently valued at $2.5B, based on its undisclosed-stage round in February 2025.
The $235M round was led by Teachers’ Venture Growth, with participation from Intrepid Growth Partners.
StackAdapt's valuation has grown 2.5x from $1B at its undisclosed-stage round in January 2022 to $2.5B in February 2025, across 2 priced rounds.
StackAdapt valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Feb 2025 | Undisclosed stage | $2.5B | 5.0x |
| Jan 2022 | Undisclosed stage | $1B | - |
StackAdapt Revenue
StackAdapt's latest recorded revenue is $500M, as of its undisclosed-stage round in February 2025. At a $2.5B valuation, that implies a 5.0x revenue multiple.
StackAdapt revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Feb 2025 | $500M | $2.5B | 5.0x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
StackAdapt Funding History
StackAdapt has raised a total of $537M across 4 funding rounds.
StackAdapt's first fundraising round was a $900K seed round in September 2014. The most recent completed round was a $235M undisclosed-stage round in February 2025.
StackAdapt funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2025 | Undisclosed stage | Teachers’ Venture Growth (lead); Intrepid Growth Partners | $235M | $2.5B | StackAdapt is a Toronto-based multi-channel programmatic advertising platform that empowers marketers with AI-driven automation across 19 global markets, headquartered in Canada with over 1,300 employees. On February 4, 2025, it announced a $235 million USD all-equity growth capital raise led by Teachers’ Venture Growth (TVG), the late-stage investment arm of Ontario Teachers’ Pension Plan, with participation from Intrepid Growth Partners (its first investment) and four undisclosed investors. The round, mostly secondary, valued the company near $2.5 billion USD, following a $300 million USD investment from Summit Partners in 2022 at $1 billion USD valuation, bringing total funding over $500 million USD. The funding will support R&D scaling, innovation in AI and automation, global expansion into Europe, Latin America, and Asia, hiring, and tech stack development beyond its North American focus. StackAdapt is positioned as a leader in ad tech, building its own stack since 2014 and flying under the radar compared to larger DSPs, with plans to enhance credibility and attract more enterprise advertisers. Financially, StackAdapt is projected to surpass $500 million USD in revenue and $125 million USD in operating earnings for 2025, per The Globe and Mail, with the company confirming these figures are within range. It recently hired CFO Cassandra Hudson in September 2024, signaling IPO preparations, describing public listing as a short-to-medium term possibility while prioritizing private growth. |
| Jan 2022 | Undisclosed stage | Summit Partners (lead) | $300M | $1B | StackAdapt is a Canada-based demand-side platform (DSP) and programmatic advertising company founded in 2014 by Vitaly Pecherskiy, Yang Han, and Ildar Shar. The company built a next-generation advertising technology stack focused on AI and automation, delivering a self-serve platform that helps advertisers and media buyers with programmatic media buying. In 2022, Summit Partners led a $300 million minority growth investment that valued StackAdapt at $1 billion USD. This investment marked a significant inflection point for the company, which had largely bootstrapped and operated under the radar for its first eight years. Following Summit's investment, StackAdapt scaled operations across North America, EMEA, and APAC, recruited key executives including a CRO, CFO, CPO, and CMO, and continued to evolve its product toward a unified, AI-enabled marketing solution incorporating paid media, first-party data, email, and intelligent automation. The company remained focused on its core mission to disrupt the digital marketing landscape while maintaining profitability and consistent growth. In February 2025, StackAdapt secured an additional $235 million minority investment led by Teachers' Venture Growth, bringing total funding to over $500 million and valuing the company near $2.5 billion USD, with expectations to exceed $500 million in annual revenue and $125 million in operating earnings. |
| Jan 2016 | Series A | Plaza Ventures | $700K | - | - |
| Sep 2014 | Seed | MaRS Investment Accelerator Fund; Slaight Communications | $900K | - | - |
Who has invested in StackAdapt?
6 investors have backed StackAdapt across its funding rounds, including Summit Partners, MaRS Investment Accelerator Fund, Teachers’ Venture Growth, Plaza Ventures, Intrepid Growth Partners and Slaight Communications.
Lead investors include Teachers’ Venture Growth and Summit Partners.
StackAdapt Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jan 2016 | ||
| 1 | Participant | Sep 2014 | ||
| 1 | Participant | Sep 2014 | ||
| 1 | Lead | Feb 2025 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialStackAdapt Competitors
StackAdapt competitors include listed companies like Magnite and Amagi Media Labs, and private ones like iSpot.tv, Tezign, Cloudinary and Synthesia.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $75M | - | $1B | 13.3x | ||
| Private | - | - | $1B | - | ||
| Private | $100M | - | $2B | 20.0x | ||
| Publicly listed | $714M | $143M | $3.7B | 5.1x | ||
| Private | $100M | - | $4B | 40.0x | ||
| Publicly listed | $157M | $8M | $1.3B | 6.3x |
StackAdapt Public Comps
StackAdapt is still privately-owned, but its public comps include Five9, Mobvista, LiveRamp, Affle 3i, DoubleVerify, Liftoff Mobile, Easy Click Worldwide, Digital Turbine, Magnite and Amagi Media Labs.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.1B | $91M | 2.4x | 2.2x | 30.1x | 9.1x | |||
| $2B | $152M | 1.1x | 0.9x | 14.3x | 19.9x | |||
| $813M | $97M | 2.4x | 2.3x | 20.3x | 9.7x | |||
| $282M | $67M | 7.4x | 6.7x | 31.3x | 29.5x | |||
| $748M | $136M | 2.7x | 2.5x | 14.6x | 7.4x | |||
| $686M | $203M | 5.9x | - | 20.0x | - | |||
| $571M | $22M | 4.8x | 4.1x | 122.0x | 113.9x | |||
| $565M | $85M | 2.9x | 2.7x | 19.4x | 12.0x | |||
This data is available for Pro users. Sign up to see all StackAdapt competitors and their valuation data. Start Free Trial | ||||||||
Common questions about StackAdapt
| When was StackAdapt founded? | StackAdapt was founded in 2014. |
| Where is StackAdapt headquartered? | StackAdapt is headquartered in Toronto, Canada. |
| Is StackAdapt publicly listed? | No, StackAdapt is a private, VC-backed company. |
| What is StackAdapt's valuation? | StackAdapt was last valued at $2.5B in its undisclosed-stage round in February 2025. |
| How much funding has StackAdapt raised? | StackAdapt has raised $537M across 4 funding rounds. |
| What was StackAdapt's last funding round? | StackAdapt's last funding round was a $235M undisclosed-stage round in February 2025, led by Teachers’ Venture Growth. |
| Who are StackAdapt's investors? | StackAdapt's investors include Plaza Ventures, MaRS Investment Accelerator Fund, Slaight Communications, Teachers’ Venture Growth, Summit Partners and Intrepid Growth Partners. |
| What is StackAdapt's revenue? | StackAdapt's latest recorded revenue is $500M (February 2025). |
| What is StackAdapt's revenue multiple? | StackAdapt's latest valuation implies a 5.0x revenue multiple ($2.5B valuation on $500M of revenue). |
| Which companies are comparable to StackAdapt? | Companies comparable to StackAdapt include iSpot.tv, Tezign, Cloudinary, Magnite, Synthesia and Amagi Media Labs. |
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