Fiverr International just bought out Israel’s Stoke Talent for $95 Million. Israeli startup Stoke Talent is a freelance management system (FMS). The company declares that its solution makes it easy for companies to work with independent contractors, reduces the hassle of hiring, onboarding, tracking and managing invoices, while ensuring full legal and tax compliance.
Stoke Talent’s current offerings will remain independently operated.
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The acquisition comes less than a month after Fiverr, the Nasdaq-listed and Israeli-founded online freelancers marketplace, acquired Seattle based online learning startup CreativeLive. This time, however, the Israeli company is buying an Israeli startup.
Stoke is a relatively new company that did not have much in investments to date. Just this past June Stoke brought in $15.5 million in a Series A funding round led by Battery Ventures, with participation from all previous investors and angels including TLV Partners, Dynamic and Loop.
Founded in 2019 by Shahar Erez and Hilik Paz, Stoke Talent boasts that its on-demand talent management platform provides organizations with “control, transparency, and simplicity while giving them access to the largest and most diverse talent pool around.” Stoke declares that its platform ensures organizations are able to be dynamic and adaptive in order to captures business opportunities.
Stoke is a secure all-in-one platform that enables companies to hire top talents quickly, set up automated onboarding workflows aligned with government guidelines, pay multiple invoices across 190 countries, all while ensuring management, finance and human resources teams have full visibility and control over budgets, in addition to automatic legal and tax compliance.
Every successful something started from nothing. All you need is an idea that excites you and the desire to make it happen. Learn more at https://t.co/nX77UYQo6q or head to https://t.co/iT6ld8s1Fs to get something started now. #FiverrOrNothing pic.twitter.com/3E1ZBhv6ku
— Fiverr (@fiverr) October 27, 2021
“We share Fiverr’s vision that freelance talent can help propel companies to new heights, both from a productivity and agility standpoint,” said Shahar Erez, Co-founder and CEO at Stoke Talent. “This is an amazing opportunity to continue doing what we love to do, but on a much larger and broader scale. Together with Fiverr, we have the ability to build an ecosystem where businesses can implement a multi-channel freelancer strategy, and provide tools for them to efficiently manage not only freelancer engagement on Fiverr’s marketplace, but those off Fiverr’s marketplace as well. There are meaningful synergies between the two companies and we’re excited for what the future holds.”