While the U.S. and Canada duke it out over tariffs between the two countries, a tech company based out of Toronto is announcing a major round of funding led by a homegrown VC. StackAdapt, a programmatic advertising startup, says that it has raised $235 million in equity funding, with Teachers’ Venture Growth (TVG) — the investment arm of the Ontario Teachers’ Pension Plan — leading the growth round.
Intrepid Growth Partners, a firm based between Toronto and London, is also participating, along with four other investors that are not being named.
The funding is significant both for its size and its focus.
In terms of the size, this is one of the bigger funding rounds for a startup out of Canada to date — although it’s not the biggest. Most recently, Fintech…