MaRS IAF, Slaight, BDC provide $900k to seed native advertiser StackAdapt

StackAdapt, developer of a native advertising technology that helps publishers add another channel of monetization through non-banner advertising, has closed a $900,000 seed-stage financing round. Investors included MaRS Investment Accelerator Fund, Slaight Communications and the Business Development Bank of Canada (BDC), which provided debt to the round. StackAdapt said the funds would be used to fuel further growth and expansion of the development team in its Toronto headquarters, and to support the growth of satellite offices in New York and London. The company was founded in 2013.

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