Fiverr managed to raise a further $15 million for business expansion plans in round two of funding, bringing the total to $20 million raised.
Online PR News – 14-May-2012 – New York – A big congratulations is in order for Fiverr, an online jobs marketplace that lists hundreds of thousands of “gigs” available for $5, as this company has managed to raise a further $15 million for business expansion plans in round two of funding. First time round, Fiverr secured $5 million, bringing the most recent total up to $20 million.
The first round of funding capital was led by successful angels Jonathan Kolber & Guy Gamzu, along with Bessemer Venture Partners. The second round of funding capital was raised by Accel Partners and Bessemer Venture Partners, who are or have been involved with many popular online services including Etsy, Kayak, Wonga, Dropbox, Spotify, Skype, Pinterest, LinkedIn and Yelp.
This funding will help the company to expand its current operation and move more quickly towards global expansion. With more than 40 current employees in Irael, Europe & the US, fiverr plans to double its employee count by the end of 2012 and gain a better presence throughout the US & Worldwide.
The company, founded by Shai Wininger and Micha Kaufman, has experienced a 600% transaction volume increase since the beginning of 2011 & since its launch in 2010, the company now lists more than 750,000 jobs from millions of micro-entrepreneurs who make money online across the globe. Fiverr is used by millions worldwide and is within the top 100 websites in the US & within the top 200 worldwide.
There is a lot of buzz surrounding the fiverr community as recent developments allow its most successful members to generate even more cash from this “small jobs” website. Previously, members could only offer “gigs” for $5, although today is much different with the introduction of “Levels”, which is awarded to members who provide on-going quality. Every time a level is achieved, the freelancer is provided with more features such as multiple order capabilities & “gig extras” which allows members to offer add-ons for up to $150.
With over 750,000 active gigs and hundreds of thousands of members, companies will suprised at what is actually available for five bucks. Companies can have a professional voice over artist record a radio commercial for any business, hire a professional web designer to create banners or logos for a website or buy high quality content for a website, all for just five bucks.
Due to its massive growth at the start, fiverr has been featured on some of the most influential websites such as the wall street journal, NBC, Yahoo Finance, CNN Money, Tech Crunch, Fox News, Wired, Smart Money & lifehacker, to name a few. This massive exposure has exploded fiverrs popularity and is quickly becoming a main player within the freelancer communities, along with websites such as freelancer, elance and odesk.
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