Total amount raised
$111 Millions
Latest funding date
11/1/2018
Location
Fiverr has successfully raised significant funding through multiple rounds, including a Series E, with backing from notable investors such as Phoenix Financial and ION Crossover Partners. The platform serves as a global marketplace connecting businesses with freelance talent across various digital services.
Keep reading to delve into the details of Fiverr's funding journey and the investors who have supported its growth.
What Is Fiverr?
Fiverr, founded on February 1, 2010, by Micha Kaufman and Shai Wininger, is headquartered in Tel Aviv, Israel. The platform connects businesses with freelance talent offering a wide range of digital services.
With a workforce of 501-1000 employees, Fiverr specializes in various categories such as Graphics & Design, Programming & Tech, and Digital Marketing. The company has grown to become a global marketplace for creative and professional services.
Fiverr's mission is to provide a seamless experience for businesses seeking on-demand freelance talent, making it easier to find and hire skilled professionals for diverse projects.
How Much Funding Has Fiverr Raised?
- Seed Round
- Amount Raised: $1M
- Date: June 2010
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to develop the platform and launch the marketplace.
- Series A
- Amount Raised: $5M
- Date: January 2011
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and scale the platform's capabilities.
- Series B
- Amount Raised: $15M
- Date: May 2012
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: For global expansion, product development, and hiring.
- Series C
- Amount Raised: $30M
- Date: August 2014
- Lead Investors: Qumra Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the platform's features and increase market penetration.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: December 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and operational needs.
- Series D
- Amount Raised: $60M
- Date: November 2015
- Lead Investors: Square Peg Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand service offerings.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: April 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and attract more users.
- Debt Financing
- Amount Raised: $30K
- Date: April 2018
- Lead Investors: TriplePoint Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To manage cash flow and operational expenses.
- Series E
- Amount Raised: Not publicly disclosed
- Date: November 2018
- Lead Investors: Phoenix Financial, ION Crossover Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To solidify market position and drive further innovation.
Total Amount Raised: $111.03M. Current Valuation: Not publicly disclosed.
Key Investors
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a venture capital firm that invests in a variety of sectors including enterprise, consumer, and healthcare. They have a long history of supporting innovative companies from early stages to growth.
- Investment Focus Areas: Enterprise, consumer, healthcare
- Notable Investments: LinkedIn, Shopify, Pinterest
- Accel Partners
- Details: Accel Partners is a venture capital firm that invests in early-stage and growth-stage companies. They are known for their significant contributions to the tech industry.
- Investment Focus Areas: Early-stage companies, growth-stage companies, technology
- Notable Investments: Facebook, Dropbox, Slack
- Qumra Capital
- Details: Qumra Capital is a growth capital firm that focuses on late-stage investments in technology-driven companies. They aim to support companies in scaling their operations and expanding globally.
- Investment Focus Areas: Technology, late-stage companies, global expansion
- Notable Investments: Fiverr, SimilarWeb, Riskified
- Square Peg Capital
- Details: Square Peg Capital is a venture capital firm that invests in technology companies across various stages. They focus on partnering with exceptional entrepreneurs to build market-leading companies.
- Investment Focus Areas: Technology, early-stage companies, growth-stage companies
- Notable Investments: Canva, Airwallex, Fiverr
- TriplePoint Capital
- Details: TriplePoint Capital provides debt financing to venture capital-backed companies. They offer a range of financial solutions to support the growth and operational needs of their portfolio companies.
- Investment Focus Areas: Debt financing, venture capital-backed companies, growth support
- Notable Investments: Facebook, YouTube, Square
What's Next for Fiverr?
Fiverr's future looks promising with opportunities for global expansion and product development. The platform's ability to monetize a wide range of skills and services positions it well to tap into the growing gig economy. With over 200 countries involved and a significant increase in transaction volume, the potential for growth is substantial.
Future fundraising opportunities are likely as the platform continues to attract venture capital interest. This could support further expansion and innovation. However, challenges such as managing rapid growth, maintaining service quality, and facing competition from other marketplaces will need to be addressed to sustain its upward trajectory.
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