Fuel50, a California-based creator of a talent marketplace platform, raised $15.5M (USD) in Series B funding. The round was led by PeakSpan Capital and Shearwater Capital. To date, the company has raised approximately $28.2m in total funding.
“We have entered a new talent economy and with our world leading talent marketplace are transforming the cost of talent in organizations around the globe. Fuel50 is accelerating plans to deliver executive-level talent intelligence dashboards to help business leaders hone in key talent, understand their strengths and weaknesses, as well as future-proof their workforce at the touch of a button,” said Anne Fulton, Co-Founder, and CEO of Fuel50. “Today’s announcement puts us on a path to continue this focus and shift from a management-led to a marketplace-led talent model, which delivers strong ROI to the organizations we engage with.”
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.