Stackline, a Seattle-based technology company that builds subscription-based ecommerce tools for thousands of the largest consumer brands and retailers, has received a USD130 million strategic investment from TA Associates, a global growth private equity firm.
TA’s investment comes on the heels of a USD50 million investment from the Growth Equity team within Goldman Sachs Asset Management (Goldman Sachs) in November 2020. Stackline will utilise TA’s capital to continue growing the company’s product offerings and expanding its global footprint.
Stackline’s extensive brand list includes retail stalwarts such as Starbucks, Sony, General Mills, Mondelez and Levi’s. In 2020, the company helped its clients grow their online businesses while continuing to diversify its technology offerings. Recent product releases include integrated advertising partnerships with Walmart Connect and Instacart, in addition to scaling existing programs with Amazon; and retailer coverage expansion to eight new countries, bringing the total to more than 20.
Read more at Private Equity Wire
