Alexey Mordashov’s TalentTech acquires leading freelancer markeplace FL.ru

TalentTech, a technology company and a division of the Severgroup private investment company that makes long-term investments on behalf of Alexey Mordashov, has acquired 97.5% of FL.ru.

FL.ru is the largest marketplace for freelancers in Russia and Russian speaking countries in terms of revenue and traffic and is focused on digital services such as programming, web marketing, design and copywriting. The service has 1.7 million MAU (monthly active users).

TalentTech bought the shares from FL.ru’s co-founder Anton Mazhirin, financial investors Vitaly Martyanov and Artem Bektemirov, and the company’s management.

Vladimir Tarkhanov, Chief Executive Officer of FL.ru, is leaving the company, which he has headed since 2013. Eugene Barulin, Head of Freelance at TalentTech, will be appointed as the new CEO. Anatoly Orlov, FL.ru’s Chief Technical Officer, will continue the technical leadership of the business.
We can see how technology is changing the shape of the labour market. According to research by Data Insight, conducted for Avito in November 2017, Russia’s services market currently employs 10 million people and is estimated at 8.6 trillion rubles per year (about 115 mln. euroes). According to Superjob (a leading jobboard in Russia), one third of Russian companies are already using freelance services, which give companies the opportunity both to cut costs and access scarce specialists. Freelance growth is a global trend.

According to MBO Partners, the number of self-employed professionals in the USA is expected to make up 58% of the whole labour market by 2027. FL.ru is a strategic asset for TalentTech. Our goal is to create a single service that will unite HRTech, EdTech and Freelance. We aim to help people to better use their skills and gain professional training in a fast-changing labour market through technology, no matter whether they are in full-time or part-time employment.
Artem Kumpel
 Chief Executive Officer of TalentTech
 
FL.ru gives us a leading position in the digital services market, as well as the opportunity for synergies with our online education products, especially our Netology company, and to employ digital freelancers on a project basis.
Eugene Barulin
Head of Freelance at TalentTech
I’m glad that the project I created and invested so much of my heart and soul will continue to develop with the ambitions and resources of TalentTech. The Russian freelance market is growing rapidly and it is fantastic that there are companies like TalentTech on the market. TalentTech will certainly help FL.ru to strengthen its leading position.
Anton Mazhirin
Co-founder of FL.ru

Anton Magirin and Vasily Voropayev founded the service for digital freelancers Free-lance.ru (now FL.ru) in May 2005.
Industry
TalentTech