On February 4, 2025, StackAdapt, a Toronto-based programmatic advertising platform, raised $235 million USD (approximately $340 million CAD) in growth capital led by Teachers’ Venture Growth (TVG), with participation from Intrepid Growth Partners and four other investors. This follows a $300 million USD (approximately $435 million CAD) investment from Summit Partners in 2022, bringing total funding to over $500 million USD (approximately $725 million CAD).?

The investment supports StackAdapt’s expansion in AI-driven advertising and marketing technology. J.P. Morgan and RBC Capital Markets acted as placement agents. Legal advisors included Osler, Hoskin & Harcourt LLP for Intrepid Growth Partners and Torys LLP for TVG.