Ecommerce tech company Stackline has received $130 million in funding from TA Associates.
That follows a $50 million investment from Goldman Sachs Asset Management last November.
The company will use the new funding to expand its product offerings and global footprint. Stackline will utilize TA’s capital to continue growing the company’s product offerings and expanding its global footprint.
Stackline’s platform unifies data from several sources, including shopper and marketing operations and competitive intelligence. This data helps brands reach their audience and execute ecommerce functions across large online retail operations, the company says.
The Stackline team has grown by over 75% in the past year, and is expected to surpass 150 full-time employees by the end of 2021, the company says.
Stackline recently formed integrated advertising partnerships with Walmart Connect and Instacart. It also has programs with Amazon and is active in more than 20 countries. Its clients include Starbucks, Sony, General Mills, Mondelez and Levi’s.
“We were attracted to Stackline’s belief that success in modern business requires intentional partnerships between people, data and breakthrough technology.” states Amara Suebsaeng, a principal at TA.