Fiverr History

 

History Of Fiverr

HISTORY:

                 Micha Kaufman and Shai Wininger founded Fiverr, which went live in February 2010. The founders came up with the idea for a marketplace that would allow consumers to buy and sell a variety of digital services traditionally provided by independent contractors on a two-sided platform. Writing, translation, graphic design, video editing, and programming are among the services available on the site. Fiverr is a website where you may hire someone for $5.Fiverr's services start at $5 and can cost thousands of dollars with additional gigs. Each service is referred to as a "gig."

The website first went up in early 2010, and by 2012, it had over 1.3 million Gigs hosted. Since 2011, the number of transactions on the website has increased by 600 percent. Since the beginning of 2013, Fiverr.com has been recognized in the top 100 most popular websites in the United States and the top 200 worldwide.Fiverr acquired a US$1 million startup investment from Guy Gamzu and other angel investors on June 1, 2010, and in May 2012, the company acquired US$15 million in capital from Accel Partners and Bessemer Venture Partners, bringing its total capital to US$20 million.

Fiverr's iOS app was released in December 2013 on the Apple App Store, and their Android app was published in March 2014 on the Google Play Store.Fiverr reported in August 2014 that it has raised $30 million from Bessemer Venture Partners, Accel, and other investors in a Series C round of funding. The transaction takes the company's total investment to $50 million.Amazon.com began legal action against 1,114 Fiverr sellers in October 2015, alleging that they post fraudulent reviews on the US edition of the service. "As Amazon observed, we have worked closely together to remove services that violate our terms of use, and respond swiftly to any accusations of inappropriate content," Fiverr said in response to Amazon's complaints. After an undercover sting, Amazon filed a lawsuit.

Fiverr reported in November 2015 that it has secured $60 million in a Series D investment headed by Square Peg Capital. With this round, they have raised a total of $110 million. Simultaneously, the business revealed that it was expanding the marketplace to allow vendors to charge higher fees for productized services, known as Gigs, than the original US$5 pricing.

It went public on the New York Stock Exchange in June 2019.The corporation reported $107.1 million in revenue for the 2019 fiscal year on February 19, 2020.

VeedMe, a video creation marketplace, was acquired by Fiverr in 2017.

AND CO, a creator of software for freelancers, was acquired by Fiverr in January 2018. Many of AND CO's functions, such as invoicing, are "built into" the Fiverr marketplace, according to CEO Micha Kaufman at the time, but "the vast bulk of freelancing is happening offline"—and Fiverr wants to support those offline connections.

Fiverr purchased ClearVoice, a premium subscription-based content marketing platform created in 2014, in February 2019. In August 2020, Fiverr acquired SLT Consulting, a boutique digital marketing agency specialized in social media marketing, search and SEO, as well as brand and content marketing.Working Not Working, a marketplace for creative skills, was acquired by Fiverr in February 2021.