TA Associates, a global growth private equity firm has made a $130 million strategic investment in Stackline, a Seattle-based technology company that builds subscription-based ecommerce tools for consumer brands and retailers. TA’s investment comes on the heels of a $50 million investment from the growth equity team within Goldman Sachs Asset Management in November.
he company’s ecommerce platform unites real-time data across shopper, marketing, operations and competitive intelligence.
“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,” said Jason Mironov, a managing director at TA. Amara Suebsaeng, a principal at TA, added, “We were attracted to Stackline’s belief that success in modern business requires intentional partnerships between people, data and breakthrough technology, and we look forward to working with the company’s management team to help define Stackline’s next chapter in retail.”
Stackline’s brand list includes retailers Starbucks, Sony, General Mills, Mondelez and Levi’s. In 2020, the company sought to help its clients grow their online businesses while continuing to diversify its technology offerings.
“We are thrilled to partner with TA as we prepare 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,” said Michael Lagoni, founder and CEO of Stackline. “TA brings tremendous value with its deep domain expertise and proven track record with some of the world’s leading companies.”
“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 ecommerce sales, Stackline’s solutions continue to create immense value for their customers,” said Mike Reilly of Goldman Sachs. “With TA as a partner, we are excited to see Stackline build an industry-leading, global ecommerce enablement platform,” added Joe DiSabato of Goldman Sachs.