Taylor Soper / GeekWire:Stackline, which offers tools to help e-commerce businesses, including ad automation and operations management, raises $130M Series BNew funding: 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 separate $50 million round.
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Ecommerce company Stackline elevates $130M in most current huge funding round for Seattle-area start-ups
New funding: E-commerce start-up Stackline landed $130 million from TA Associates as part of a Collection B round. It comes less than a year after Stackline elevated a separate $50 million round. It’s also one of the largest funding rounds for a Seattle-area start-up this year, beginning the heels of huge cash money infusions for business such as Rec Room, Outreach, Highspot, Rad Power Bikes, and also Icertis.
Stackline’s technology: The firm aids more than 2,000 brand names consisting of Sony, Levi’s, Starbucks and others with their shopping organizations, giving market data, advertising and marketing automation, procedures management devices, as well as even more to strengthen how firms sell items on-line. It has grown in the middle of the pandemic as even more individuals shop online and market systems such as Amazon.com, Walmart, and Instacart see increased task. Stackline has partnerships with Amazon and also Instacart.
An additional raise: Stackline just elevated $50 million in November, which the business described as its initial outdoors resources. The firm declined to offer revenue metrics. It grew headcount by 75% over the past year and expects to have 150 staff members by the end of 2021. Stackline has actually paid because it began in 2014.
CEO quote: “We are thrilled to companion with TA as we prepare to introduce a series of amazing item technologies to aid brand names get in touch with shoppers, construct awareness, inspire commitment and also drive proceeded competitive advantages in the retail industry,” Stackline CEO Michael Lagoni stated in a declaration.
Stackline is led by Lagoni, a former Amazon manager. He co-founded Stackline with Mitch Keidan, Raj Ramasamy, and also Michael Masaki (that is no longer at the company).
Seattle e-commerce start-ups: Stackline is among several startups in the Seattle region– home to Amazon, Starbucks, Costco, Zulily, as well as more large sellers– aiming to aid brand names with their on the internet organizations. Others consist of InsightLeap, Ideoclick, Replenium, Downstream, Shipium, Textile, and SoundCommerce.
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