Fiverr acquires freelancer management system Stoke Talent in $95 million deal

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November 02, 2021

B2B talent platform Fiverr International Ltd. (NYSE: FVRR) acquired Stoke Talent in a $95 million deal. Stoke Talent is a freelancer management system that provides tools that enable companies to manage their freelance talent, including onboarding, payment and tracking budgets.

“The Stoke acquisition made complete sense on multiple levels,” Fiverr founder and CEO Micha Kaufman said. It enables Fiverr to engage with much larger customers, offer software solutions to firms that already have freelancers and gives Fiverr access to the offline freelancing market.

Stoke Talent was founded by Shahar Erez and Hilik Paz. It’s headquartered in Tel Aviv, Israel, and has almost 30 full-time employees.

“This is an amazing opportunity to continue doing what we love to do, but on a much larger and broader scale,” Erez said.

Plans call for Stoke Talent’s offerings to remain independently operated but the companies will work together.

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