Fuel50, a Laguna Niguel, Calif.-based creator of a talent marketplace platform, raised $15.5M (USD) in Series B funding.
The round, which has raised approximately $28.2m in total funding, was led by PeakSpan Capital and Shearwater Capital.
The company intends to use the funds to increase its presence across the US, EMEA, and Australasia, while accelerating product innovation to include deep analytics and talent intelligence.
Led by Anne Fulton, Co-Founder, and CEO, Fuel50 is a talent marketplace platform featuring AI-driven talent and skills forecasting and a commitment to diversity and inclusion.
Since 2020, the company has seen 70% year-over-year growth in recurring revenue and grew its customer base by 23%.