SYDNEY, AUSTRALIA: Technology expansion capital fund Bailador Technology Investments Limited announced its portfolio company Stackla has been acquired by Nosto, an AI-powered e-commerce personalization platform in a predominately share-based transaction.
Nosto enables retailers to deliver a personalised digital shopping experience at every touch point and across every device. Nosto works with brands in more than 100 countries and has offices in New York, Los Angeles, London, Paris, Berlin, Stockholm and Helsinki.
Paul Wilson, Bailador Co-Founder and Managing Partner, said: “Bailador is pleased to continue the journey with Nosto. The business operates in a very exciting space, and an already impressive tech offering will be enhanced by the Stackla capabilities. We are excited for Bailador investors to get exposure to a larger international business operating a leading personalisation platform in the very fast growth e-commerce space.”
The valuation of Bailador’s investment in Stackla will remain unchanged at $11.5m, but will transition to a shareholding in Nosto upon completion
This transaction marks the first acquisition for Nosto.