Stoovo
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Stoovo was a San Francisco startup founded in 2018 by former Google AI researcher Hantz Févry and Semih Korkmaz. It began as an app helping gig workers maximize income across platforms, then pivoted into an AI-based geospatial data company, mapping 130 million United States buildings to sell last-100-meters location intelligence for delivery, logistics and mobility. The company raised $7.1 million across four rounds and was acquired in 2024.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Company founded
Hantz Févry and Semih Korkmaz launch Stoovo, an app helping gig workers find the highest-paying gigs across platforms.
- Funding round
Stoovo raises a $2.4 million seed round from 500 Startups, Alpana Ventures, Plug and Play Ventures and Watertower Ventures.
- Funding round
The company closes another seed round in July 2022 as it pivots from the gig-worker app to AI-based geospatial data.
- Acquisition
Stoovo is acquired in 2024; the buyer was not publicly disclosed.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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