For years, every extra dime Michael Lagoni made he reinvested into Stackline, his martech business. The Seattle company bootstrapped and avoided outside funding. But after six years, the business finally took advantage of the opportunity to make some extra bank.
On Thursday, Stackline announced it raised a $50 million Series A round from Goldman Sachs Growth Equity. Lagoni said the cash comes as demand for Stackline’s e-commerce optimization platform is rising during the COVID-19 pandemic.