StokeTalent

Freelance Management System

Retail Platforms
Acquired (Inactive) by Fiverr on Nov 2021 - closed due to acquisition

Company Overview

Snapshot

Founded in February 2019 by Shahar Erez and Hilik Paz, StokeTalent operated with 51–200 employees. The company raised a total of $20 million across two funding rounds from seven investors. A significant milestone was its acquisition by Fiverr in November 2021.

Business overview

StokeTalent developed a Freelance Management System (FMS) designed to streamline the hiring, onboarding, and management of freelancers for companies. The platform provided tools for legal and tax compliance, transparency, control, and access to a talent pool, leveraging machine learning. It served various organizational functions including engineering, marketing, education, and design, operating within the Retail Platforms sector and focusing on enterprise solutions and HR technology.

Strategic signal

The acquisition of StokeTalent by Fiverr in November 2021 for $95 million represented a strategic move by Fiverr to enhance its enterprise offerings and expand its freelance management capabilities. This acquisition signals a growing market demand for integrated solutions that simplify the complexities of managing a contingent workforce, validating StokeTalent's technology and market approach.

Company Intelligence Q&A

What was a significant corporate event for StokeTalent?
StokeTalent was acquired by Fiverr in November 2021 for $95 million, leading to its inactive status.
When was StokeTalent founded and by whom?
StokeTalent was founded in February 2019 by Shahar Erez and Hilik Paz.
How much capital did StokeTalent raise in total?
StokeTalent raised a total of $20 million across two funding rounds, including a $4.5 million seed round in September 2019 and a $15.5 million Series A round in June 2021.
Which investors participated in StokeTalent's June 2021 funding round?
In June 2021, StokeTalent received funding with Battery Ventures as a lead investor.
Which investors participated in StokeTalent's September 2019 funding round?
In September 2019, StokeTalent secured funding with TLV Partners as a lead investor.

External links