Summit Partners Invests $122 Million in Montreal Startup Stay22

Summit Partners, a private equity firm, is investing $122 million in Stay22, a Montreal-based startup. Bloomberg posted on X that Stay22 provides technology designed to assist publishers and creators in generating revenue from online sales. This investment aims to support Stay22's growth and expansion in the digital marketplace. The startup's platform offers tools that enable content creators to monetize their online presence effectively. Summit Partners' investment underscores the growing interest in technology solutions that enhance online revenue streams for digital content providers.