Business Wire: Stackline Receives $130 Million Investment from TA Associates
Posted on June 9th 2021, 7:24:39 pm
Stackline just announced that it has acquired $130 million strategic investment from the leading global equity firm TA Associates. This fund will be used to diversify the company’s product offerings and expand its global footprint.
Founded in 2014 in Seattle, Stackline is a technology company that provides subscription-based e-commerce tools for thousands of the largest consumer brands and retailers. Stackline combines market intelligence, advertising automation, workflow management and operational analytics into one platform, with its mission being to develop the most powerful tools and services for e-commerce.
The company’s vision and mission are what attracted TA Associates. According to Jason Mironov, a Managing Director at TA, he said, “Stackline is transforming how brands and retailers – new and old – do business online, and we believe the company is well-positioned to disrupt the retail industry and make a lasting impact in how brands engage consumers.”
Amara Suebsaeng, a Principal at TA Associates, further added that the private equity firm was drawn to Stackline’s beliefs that “success in modern business requires intentional partnerships between people, data and breakthrough technology,” and are looking forward to working in partnership with them to revolutionise retail.
Stackline has been serving multiple major global retailers such as Starbucks, Sony, General Mills, Mondelez and Levi’s. Its team has increased more than 75% in the last year. In 2021, the office in Seattle is expected to be a hub for over 150 full-time employees.
Stackline’s CEO and founder Michael Lagon is also very excited about this partnership, which would allow them to “introduce a series of exciting product innovations to help brands connect with shoppers, build awareness, inspire loyalty and drive continued competitive advantages in the retail industry.” This is due to the depth of experience TA brings to the table and its proven results with leading companies.