What is Stoke?
Stoke operates as a comprehensive on-demand talent management platform designed to provide organizations with enhanced control, transparency, and simplicity. By offering access to a vast and diverse talent pool, Stoke empowers businesses to remain dynamic and adaptive, enabling them to capitalize on emerging opportunities. The platform aims to streamline the process of talent acquisition and management, ensuring companies can scale efficiently and effectively.
How much funding has Stoke raised?
Stoke has raised a total of $93.2M across 8 funding rounds:
Series A
$10M
Series B
$20M
Series C
$20M
Series D
$15M
Series E
$17M
Unspecified
$3.5M
Unspecified
$5M
Private Equity
$2.7M
Series A (2004): $10M, investors not publicly disclosed
Series B (2005): $20M led by Integral Capital Partners, Kleiner Perkins Caufield & Byers, Steamboat Ventures, The Pilot House Ventures, and Presidio STX
Series C (2007): $20M supported by DAG Ventures
Series D (2009): $15M featuring Net One Systems, Kleiner Perkins Caufield & Byers, Reliance Technology Ventures, and Steamboat Ventures
Series E (2010): $17M backed by Kleiner Perkins Caufield & Byers, The Pilot House Ventures, Mobile Internet Capital, Steamboat Ventures, Focus Ventures, Integral Capital Partners, Net One Systems, DAG Ventures, and DoCoMo Capital
Unspecified (2012): $3.5M with participation from Keating Capital
Unspecified (2012): $5M led by Samsung Ventures
Private Equity (2014): $2.7M supported by Pilot House Ventures Group, LLC, Kleiner Perkins Caufield & Byers, and DAG Ventures
Key Investors in Stoke
Pilot House Ventures Group, LLC
Pilot House Ventures Group, LLC is an early-stage investment firm, often participating in Series A rounds, that prefers to co-invest with other venture capital firms with deep expertise in their focus areas. They typically invest between $2-$4 million and view themselves as value-added, strategic investors.
Kleiner Perkins Caufield & Byers
Kleiner Perkins is a venture capital firm based in Menlo Park that invests in early and growth-stage technology and life science companies, providing capital and operational support from seed through IPO or acquisition.
DAG Ventures
DAG Ventures is a mid-stage venture capital partnership that supports entrepreneurs and early-stage VCs, emphasizing speed, consistency, and simplicity in its operations. They have invested in companies like Upwork, Eventbrite, and Wix.
What's next for Stoke?
With substantial enterprise-level backing and a recent strategic investment, Stoke is well-positioned for accelerated growth. The company's focus on providing a flexible and robust talent management solution aligns with current market demands for agility in workforce deployment. Future developments are likely to center on expanding its talent network, enhancing platform capabilities, and deepening its market penetration. This strategic financing will enable Stoke to further solidify its position as a leader in the on-demand talent management sector, potentially exploring new verticals and technological integrations to maintain its competitive edge.
See full Stoke company page
