TA Associates has made a $130m investment in subscription-based ecommerce tool builder Stackline.
The investment comes just over six months after Stackline picked up $50m from Goldman Sachs Asset Management’s growth team.
Stackline says its e-commerce platform unites real-time data across shopper, marketing, operations and competitive intelligence, equipping brands with the tools to automate and execute e-commerce marketing and operations.
Its brand list includes retail stalwarts such as Starbucks, Sony, General Mills, Mondelez and Levi’s.
TA managing director Jason Mironov 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.”
The Stackline team has grown more than 75% in the last year, and the company is expected to surpass 150 full-time employees by the end of 2021.
Mike Reilly of Goldman Sachs said, “We’ve been very pleased by our partnership with Stackline and continue to be impressed by the company’s accelerating growth and product innovation.
“With brands focused on driving e-commerce sales, Stackline’s solutions continue to create immense value for their customers.”
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