Total amount raised
$180 Millions
Latest funding date
06/01/2021
Location
Stackline has successfully raised funding through multiple rounds, with its most recent being a Series B round on June 8, 2021. The company is backed by notable investors such as TA Associates and GS Growth.
Stackline offers a suite of products designed to enhance retail performance, including platforms for market intelligence, shopper activation, and retail automation. Keep reading to explore the intricacies of Stackline's fundraising journey and the investors backing this innovative platform.
What Is Stackline?
Stackline, founded in 2014, is a retail intelligence and software company based in Seattle, Washington. The company provides a connected commerce platform that enhances retail performance through market intelligence, shopper insights, and retail automation.
Founded by Michael Lagoni, Michael Masaki, Mitchell Keidan, and Rajan Ramasamy, Stackline leverages proprietary neural networks and deep learning systems to offer omnichannel insights and advertising performance tools. The company is trusted by thousands of leading brands for its innovative solutions.
With a workforce of 251-500 employees, Stackline continues to grow and innovate in the e-commerce space, providing tools, data, and services that help brands optimize their retail strategies and drive growth.
How Much Funding Has Stackline Raised?
- Series A
- Amount Raised: $50M
- Date: November 2020
- Lead Investors: GS Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The $50 million investment from Goldman Sachs was aimed at supporting Stackline’s growth and product diversification, as well as expanding its global reach.
- Series B
- Amount Raised: $130M
- Date: June 2021
- Lead Investors: TA Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The $130 million investment from TA Associates is intended to support Stackline’s accelerated growth plans and product innovation.
Total Amount Raised: $180M. Current Valuation: Not publicly disclosed.
Key Investors
Major Investors in Stackline:
- TA Associates
- Details: TA Associates is a global growth private equity firm that invests in profitable, growing companies. They have a long history of partnering with management teams to help companies reach their full potential.
- Investment Focus Areas: Technology, healthcare, financial services, consumer, business services
- Notable Investments: ZoomInfo, DigiCert, The Access Group
- GS Growth
- Details: GS Growth is a division of Goldman Sachs that focuses on growth equity investments. They aim to support high-growth companies across various sectors.
- Investment Focus Areas: Technology, healthcare, consumer, financial services
- Notable Investments: Uber, Spotify, Pinterest
Information about additional major investors was not found in the provided sources.
What's Next for Stackline?
Stackline stands at the cusp of significant growth opportunities, driven by its recent $130 million investment from TA Associates. The company plans to expand its product offerings and global footprint, leveraging partnerships with major retailers like Amazon and Instacart. This expansion is expected to enhance Stackline's service offerings and drive competitive advantages in the retail industry.
Future fundraising opportunities appear promising, with potential for additional investments from existing and new investors to support global expansion and product development. The continued interest from venture capital firms and private equity investors suggests a strong financial backing for Stackline's ambitious growth plans.
However, Stackline may face challenges such as competition from other e-commerce platform providers and the need to continuously innovate. Managing rapid growth and scaling operations while maintaining profitability will be crucial for the company's sustained success in the rapidly evolving e-commerce landscape.
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