E-commerce firm Stackline brings $130M up in most recent goliath funding round for Seattle-region startups
E-commerce startup Stackline landed $130 million from TA Associates as part of a Series B round. It comes less than a year after Stackline raised a different $50 million round. It’s likewise one of the biggest funding rounds for a Seattle-region startup this year, coming on the heels of gigantic cash infusions for organizations like Rec Room, Outreach, Highspot, Rad Power Bikes, and Icertis.
The organization helps in excess of 2,000 brands including Sony, Levi’s, Starbucks and others with their e-commerce businesses, giving market information, advertising automation, operations management tools, and more to support how organizations sell products online. It has developed in the midst of the pandemic as more individuals shop online and marketplace platforms, for example, Amazon, Walmart, and Instacart see expanded activity. Stackline has partnerships with Amazon and Instacart.
Stackline just brought $50 million up in November, which the organization described as its first outside capital. The organization declined to give revenue metrics. It developed headcount by 75% over the previous year and hopes to have 150 workers before the finish of 2021. Stackline has been beneficial since it begun in 2014.
“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,” Stackline CEO Michael Lagoni said in a statement.
Stackline is led by Lagoni, a former Amazon manager. He co-founded Stackline with Mitch Keidan, Raj Ramasamy, and Michael Masaki (who is no longer at the organization).
Stackline is among a few startups in the Seattle region — home to Amazon, Starbucks, Costco, Zulily, and more giant retailers — expecting to assist brands with their online businesses. Others incorporate InsightLeap, Ideoclick, Replenium, Downstream, Shipium, Fabric, and SoundCommerce.
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