PartnerStack provides a partner relationship management (PRM) platform that helps software-as-a-service (SaaS) companies recruit, train, reward, and pay channel partners to accelerate revenue growth. The platform serves clients such as Asana, Intuit, Freshworks, Unbounce, and Monday.com and supports a global partner network of more than 65,000 partners. PartnerStack has two revenue streams: subscription fees and commissions on partner reward processing. The company reports its network has driven over $120 million USD in revenue and more than 1.6 million new customer sign-ups, and is coming off its fourth consecutive year of triple-digit revenue growth. Founded in 2015 and a Y Combinator graduate, the startup has rapidly expanded headcount (40 employees in Jan 2020, targeting 140 by end of May and plans to double again over 12–18 months) to scale product, engineering and go-to-market efforts. Planned use of growth capital includes recruiting more partners, improving discoverability, bolstering payments and automation technology, growing the team, and establishing a new Toronto headquarters.

Total raised

$29M

Funding rounds

1

Latest round

Series B

Latest activity

May 2021