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E-commerce firm Stackline raises $130M in latest giant funding round for Seattle-area startups

Among the Stackline staff, pre-pandemic. (Stackline Picture)

New funding: E-commerce startup Stackline landed $130 million from TA Associates as a part of a Collection B spherical. It comes lower than a 12 months after Stackline raised a separate $50 million spherical. It’s additionally one of many largest funding rounds for a Seattle-area startup this 12 months, approaching the heels of large money infusions for firms resembling Rec Room, Outreach, Highspot, Rad Energy Bikes, and Icertis.

Stackline’s tech: The corporate helps greater than 2,000 manufacturers together with Sony, Levi’s, Starbucks and others with their e-commerce companies, offering market knowledge, promoting automation, operations administration instruments, and extra to bolster how firms promote merchandise on-line. It has grown amid the pandemic as extra individuals store on-line and market platforms resembling Amazon, Walmart, and Instacart see elevated exercise. Stackline has partnerships with Amazon and Instacart.

One other increase: Stackline simply raised $50 million in November, which the corporate described as its first exterior capital. The corporate declined to supply income metrics. It grew headcount by 75% over the previous 12 months and expects to have 150 staff by the top of 2021. Stackline has been worthwhile because it began in 2014.

CEO quote: “We’re thrilled to accomplice with TA as we put together to introduce a collection of thrilling product improvements to assist manufacturers join with buyers, construct consciousness, encourage loyalty and drive continued aggressive benefits within the retail business,” Stackline CEO Michael Lagoni mentioned in an announcement.

Stackline is led by Lagoni, a former Amazon supervisor. He co-founded Stackline with Mitch KeidanRaj Ramasamy, and Michael Masaki (who’s not on the firm).

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Seattle e-commerce startups: Stackline is amongst a number of startups within the Seattle area — dwelling to Amazon, Starbucks, Costco, Zulily, and extra big retailers — aiming to assist manufacturers with their on-line companies. Others embrace InsightLeap, Ideoclick, Replenium, Downstream, Shipium, Cloth, and SoundCommerce.