The corporate, which is headquartered in Tel Aviv, is losing cash — its obtain losses grew from $19.3 million in 2017 to $36.1 million in 2018. At the a connected time, income grew by practically forty five percent, from $52.1 million to $75.5 million.
“Our mission is to change how the sector works collectively,” Fiverr says in the filing. “We started with the simple belief that folk may perchance presumably presumably nonetheless be in a assortment to take dangle of and sell digital products and providers in the a connected vogue as bodily goods on an e-commerce platform. On that foundation, we situation out to construct a digital marketplace that is constructed with a entire SKU-enjoy products and providers catalog and an efficient search, win and advise activity that mirrors a conventional e-commerce transaction.”
Fiverr changed into as soon as founded in 2010 and,thanks in section to controversial advertising and marketing, is considered as a key participant in the gig economy. It says it has facilitated more than 50 million transactions between 5.5 million consumers and 830,000 freelancers (who sell products and providers enjoy imprint construct, video advent and improving, web space pattern and weblog writing).
The corporate says its advantages consist of the breadth of the marketplace and a community manufacture where the number and success of consumers and freelancers on the positioning draws more consumers and freelancers. It also says its marketplace may perchance presumably well even be without concerns scaled up because it provides more freelancers from around the sector.
As for wretchedness factors, the filing ingredients to the necessity to continue rising the neighborhood, the chance that the final freelance market may perchance presumably presumably no longer grow as speedy because the company expects and he aforementioned historical previous of losses.
Fiverr previously raised $111 million in project funding,in step with Crunchbase, from Bessemer Endeavor Partners, Accel, Sq. Peg Capital, Qumra Capital and others. It’s also made some acquisitions currently, in conjunction withcommand advertising and marketing marketplace ClearVoice andAnd Co, which made tool for freelancers.