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Type of site
|Available in||English, Spanish, French, Dutch, Portuguese, Italian, German|
|Traded as||NYSE: FVRR|
|Launched||1 February 2010|
Fiverr was founded by Micha Kaufman and Shai Wininger, and was launched in February 2010. The founders came up with the concept of a marketplace that would provide a two sided platform for people to buy and sell a variety of digital services typically offered by freelance contractors. Services offered on the site include writing, translation, graphic design, video editing and programming. Fiverr's services start at US$5, and can go up to thousands of dollars with gig extras. Each service offered is called a "gig".
The website was launched in early 2010 and by 2012 was hosting over 1.3 million Gigs. The website transaction volume has grown 600% since 2011. Additionally, Fiverr.com has been ranked among the top 100 most popular sites in the United States and top 200 in the world since the beginning of 2013.
On June 1, 2010, Fiverr received a seed investment of US$1 million from Guy Gamzu and other angel investors, and in May 2012, Fiverr secured US$15 million in funding from Accel Partners and Bessemer Venture Partners, bringing the company's total funding to US$20 million.
During August 2014, Fiverr announced that it had raised US$30 million in a Series C round of funding from Bessemer Venture Partners, Accel (formerly known as Accel Partners) and other investors. The round brings their total funding to date to US$50 million.
In November 2015, Fiverr announced that it had raised US$60 million in a Series D round of funding, led by Square Peg Capital. The round brings their total funding to date to $110 million. At the same time, the company announced that it was expanding the marketplace to allow sellers the ability to price productized services, known as Gigs, at prices above the original US$5 price.
On February 19, 2020, the company reported $107.1 million in revenue for the 2019 fiscal year.
In 2017, Fiverr acquired video creation marketplace VeedMe.
In January 2018, AND CO, maker of software for freelancers, was acquired by Fiverr. CEO Micha Kaufman said at the time that many of AND CO's capabilities, such as invoicing, are "baked into" the Fiverr marketplace, but "the vast majority of freelancing is happening offline"—and Fiverr wants to enable those offline relationships.
In February 2019, Fiverr acquired premium subscription-based content marketing platform, ClearVoice which was founded in 2014.
In August 2020, Fiverr acquired SLT Consulting, a boutique digital marketing agency specializing in social media marketing, search and SEO, as well as brand and content marketing. The agency built its business using Fiverr.
In February 2021, Fiverr acquired creative talent marketplace Working Not Working.
Fiverr has received criticism for advertising very cheap graphic services. At the end of 2014, Fiverr's Facebook page advertisement saying "You're paying too much for design" caused a public outcry. In 2013, Fiverr lifted the five dollar base price and began allowing logo designers, graphic artists, voice over artists and other sellers to charge the base prices they set for themselves.
In 2015, after an undercover sting, Amazon filed suit against 1000 Fiverr users over fake product reviews.
In 2017, Fiverr was criticized for portraying unhealthy living and excesses in work behaviors as ideals to live up to. Fiverr also gives 100% privileges to buyers thereby neglecting seller rights. After a job has been completed, a buyer has the full rights to request for a refund. Critics argue that Fiverr needs a balance in their equal-rights policy for both sellers as well as buyers.
In 2018, Fiverr received an "F" rating from the Better Business Bureau, which is the lowest grade that can be given. In 2019, Fiverr received a "B" rating after responding to customer complaints.
- CrunchBase Profile – Fiverr
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Fiverr has announced its acquisition of Veed.me, a well-established video freelancing site useful mainly for businesses looking to hire videographers to shoot ads locally
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