Stella

Stella is an AI-powered marketplace that connects employers with frontline and hourly workers. Founded in 2015 by Adam Zoia and Richard Joffe, the company operates as an industry consortium where large employers can share applicants who were not hired or were laid off. This model creates a shared talent network, aiming to reduce the time and effort for job seekers. Candidates use a common application through Stella's mobile apps, which feature a map-based interface to find local job openings.

The platform's business model is designed to serve both job candidates and companies. For employers, it provides access to a wider pool of candidates who have already engaged in the application process with other major companies like Unilever, Hilton, and JetBlue. Stella charges companies a flat fee for successful hires. For job seekers, the service is free and streamlines the application process by eliminating the need to repeatedly fill out similar information for different employers. The company's technology uses matching algorithms to connect candidates with suitable roles within the network.

Stella raised over $25 million in two financing rounds before being acquired. In March 2021, the company was acquired by Ingenovis Health, a portfolio company of private investment firms Cornell Capital and Trilantic North America, as part of a strategy to create a technology-driven healthcare staffing platform. Co-founder Adam Zoia, who has a background in applying technology to recruiting since 1997, became the CEO of the newly combined entity. Stella is headquartered in New York City, with teams also based in Sydney, Australia.

Keywords: talent marketplace, hourly workers, frontline workers, recruitment technology, shared talent network, applicant sharing, common job application, AI recruiting, job seeker platform, candidate referral network, HR tech, mobile job search, staffing solutions, workforce management, high-volume hiring, talent acquisition, employer consortium