StackAdapt, a Toronto-based programmatic advertising company, has secured US$235 million in equity funding led by Teachers’ Venture Growth (TVG), part of the Ontario teachers’ pension plan.

This funding round, which also included intrepid growth partners and other investors, brings StackAdapt’s total investment to over US$500 million.

Founded in 2014 by Vitaly Pecherskiy, Yang Han, and Ildar Shar, StackAdapt specializes in AI-driven advertising solutions across various sectors, including retail and healthcare.

The company generates approximately US$500 million in annual revenue and has an estimated valuation of US$2.5 billion.