# Hivestack

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hivestack

- Industry: Marketing/Advertising
- Headquarters: Montreal, Canada
- Website: www.hivestack.com
- Total disclosed funding: $7.5M
- Latest round: Series A (Aug 11, 2020)
- Investors on record: 1

## About

Hivestack Inc., based in Canada, specializes in programmatic digital out-of-home (DOOH) advertising solutions that enhance engagement and effectiveness for brands and advertisers through data-driven strategies.Founded in 2017 in Montreal, Canada, Hivestack Inc. operates in the digital advertising sector, focusing on DOOH solutions. Andreas Soupliotis, the founder, has a history of entrepreneurial ventures. The company raised USD 100 mn in its latest funding round, a Trade Sale, completed on December 12, 2023, where it was acquired by Perion Network Ltd. for the same amount, alongside an additional USD 25 mn for employee retention and performance-based incentives.Hivestack Inc. offers a robust platform for programmatic DOOH advertising, leveraging advanced technology to optimize ad placements and ensure brand safety across diverse media channels. Their services cater to various industries, helping clients engage audiences effectively throughout their customer journeys.Hivestack Inc. generates revenue primarily through partnerships and B2B transactions related to its DOOH advertising solutions. Clients engage with the company via contracts for its innovative platform services, which include performance-based pricing and subscription models, aligning revenue generation with client objectives.With the recent acquisition by Perion Network Ltd., finalized on December 12, 2023, Hivestack plans to expand its DOOH technology offerings. The integration will focus on enhancing the advertising capabilities available to brands and advertisers. The acquisition funds will support the development of new products and the strategic expansion of Hivestack's services into new markets, aligning with Perion's broader goals of innovation in digital advertising.

## Funding rounds

- Series A, Aug 11, 2020, $7.5M — Investment Quebec

## Investors

- Investment Quebec (https://capitalatlas.ai/funds/investment-quebec) — Series A