Stoovo has raised $7.0M in total across 2 funding rounds.
Stoovo's investors include Bow Capital, Buckley Ventures, DVx Ventures, Eunoia Capital Partners, Goodwater Capital, i/o Ventures, Launch Capital, Liquid 2 Ventures, Niu Ventures, Oak HC/FT, Plug & Play Ventures, Vera Equity.
Stoovo is an AI-driven platform that connects gig workers with optimal short-term job opportunities across thousands of platforms to maximize their income and reduce volatility. Founded in 2018 and headquartered in San Francisco (with some records noting Sunnyvale, California), it serves independent workers in the gig economy, such as drivers for Uber or DoorDash, by providing intelligence on when and how to work for highest earnings.[3][4] The platform analyzes data from 6,000 gig platforms, offering income-boosting recommendations and financial stability tools; it has grown to 17 employees and raised $2.4 million in seed funding from investors including 500 Startups and Plug and Play Ventures.[4] Note that sources present some inconsistencies—earlier profiles describe geospatial services for logistics and real estate, but recent data confirms its focus on gig worker optimization.[1][3][4]
Stoovo was founded in 2018 by Hantz Noël and Gregory Pierre, both immigrants who met while attending college in New York.[4] The idea emerged from Hantz's personal struggles—his checking account was frequently overdrawn, and finding reliable short-term work was challenging despite platforms like Uber and DoorDash.[4] Even after landing jobs at Google, they continued developing the concept to help gig workers maximize income through platform intelligence.[4] They teamed up with Semih Korkmaz as CTO in 2015 (pre-launch), building prototypes that evolved into Stoovo's app.[4] Early traction included shifting from relational databases to MongoDB for agile handling of dynamic gig data schemas, enabling rapid iteration amid changing partner data.[4]
(Some sources mention geospatial "last meter" address tech or IoT, but core operations center on gig matching per detailed profiles.[1][5])
Stoovo rides the explosive growth of the gig economy, where platforms like Uber and DoorDash dominate but leave workers underserved amid rising income instability.[4] Its timing aligns with post-pandemic shifts toward flexible work, AI advancements in labor matching, and demand for worker-centric tools amid regulatory scrutiny on gig platforms.[3][4] Market forces favoring Stoovo include the expansion of short-term jobs (e.g., 6,000+ platforms) and needs for data-driven equity in fragmented ecosystems.[4] It influences the landscape by empowering suppliers—potentially pressuring incumbents to improve payouts—and fostering immigrant-led innovation in fintech-adjacent services.[4]
Stoovo is poised to expand its platform coverage and AI sophistication, targeting full optimization across the gig economy's "three players" (platforms, requesters, workers) for broader income smoothing.[4] Trends like AI labor agents, regulatory protections for gig workers, and economic volatility will propel growth, especially as it scales beyond seed funding.[4] Its influence may evolve from niche helper to ecosystem shaper, challenging platform monopolies and boosting worker leverage—tying back to its roots in solving real overdraft struggles for gig earners.[4]
Stoovo has raised $7.0M across 2 funding rounds. Most recently, it raised $5.0M Seed in June 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2022 | $5.0M Seed | Bow Capital, Buckley Ventures, DVx Ventures, Eunoia Capital Partners, Goodwater Capital, i/o Ventures, Launch Capital, Liquid 2 Ventures, Niu Ventures, Oak HC/FT, Plug & Play Ventures, Vera Equity, Brandon Krieg, Immad Akhund, Jay Vijayan | |
| Mar 1, 2021 | $2.0M Seed | Bam Ventures, BDMI - Bertelsmann Digital Media Investments, Lerer Hippeau, Primetime Partners, Watertower Ventures |
