What is Stackin?
Stackin, formerly known as SideHustles.com, is a comprehensive platform dedicated to facilitating side hustle income for individuals. It offers a specialized job board for part-time and remote positions, alongside an extensive database of ideas and reviews for gig applications. The platform serves a broad demographic, including students, seniors, and professionals from diverse fields, by providing resources for job hunting, freelance opportunities, and insights into legitimate side work. Emphasizing transparency and verified employers, Stackin aims to streamline the process of finding reliable side income streams. The company's focus on the burgeoning gig economy positions it to capitalize on the increasing demand for flexible employment.
How much funding has Stackin raised?
Stackin has raised a total of $16.9M across 3 funding rounds:
Series A
$4M
Series B
$12.6M
Debt
$250K
Series A (2019): $4M with participation from Cherry Tree Investments, Dig Ventures, Social Leverage, Wavemaker Partners, Mucker Capital, and Experian Ventures
Series B (2020): $12.6M led by Octopus Ventures
Debt (2021): $250K supported by PPP
Key Investors in Stackin
Octopus Ventures
Octopus Ventures is a prominent venture capital firm known for its focus on early-stage technology companies, particularly within sectors like deep tech, health, and fintech. They provide significant capital and strategic guidance to help portfolio companies scale and achieve market leadership.
PPP
Public-Private Partnership
Cherry Tree Investments
Cherry Tree Investments is a private investment banking firm with extensive experience in M&A for middle-market companies, indicating a strategic interest in companies with strong growth potential and clear exit strategies.
What's next for Stackin?
The recent major strategic investment signifies a pivotal moment for Stackin, likely enabling the company to accelerate its expansion, enhance its platform features, and broaden its market reach. This capital injection, coupled with the company's established presence in the side hustle market, suggests a strategic focus on scaling operations and potentially exploring new revenue streams or partnerships. The company's trajectory, marked by previous funding rounds including Series A and Series B, indicates a sustained growth phase, with this latest financing poised to fuel further development and solidify its market position.
See full Stackin company page
