Stoke Closes $15.5M Series A Funding


Stoke, a Palo Alto, Calif.-based freelance management platform, raised $15.5m in Series A funding.

The round was led by Battery Ventures, with participation from all previous investors and angels including TLV Partners, Dynamic and Loop. In conjunction with the funding, Itzik Parnafes, a Battery general partner, is joining Stoke’s board.

The company, which has raised $20m to date, intends to use the funds for expansion across U.S.

Led by Shahar Erez, CEO and Co-founder, Stoke is a secure all-in-one platform that enables companies to hire top talents, 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.

Stoke works with companies of all sizes, including unicorns like SimilarWeb, and TripActions.