Leading freelance platform Fiverr prepares to go public

May 21, 2019
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Israeli startup supported by Bessemer Venture Partners and Accel, Fiverr, has recently announced that it has filed for its IPO under "FVRR".

The IPO is led by JPMorgan and Citigroup.

Fiverr, which was last valued at $262 million in 2015, is a marketplace for freelancers to match up with potential employers. The platform touts an array of creative projects, such as voice-over work, translations and illustrations.

Bloomberg previously reported that Fiverr would seek a valuation of $800 million in its IPO.

The company is backed by Bessemer Venture Partners, which led a seed round for the company, along with Accel. It has raised $110 million in venture funding since it was founded, according to PitchBook.

The company has a Service-as-a-Product business model, in which the company makes money on service and transaction fees between freelancers and employers, who use the platform for payment of services.

Read more here.

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May 21, 2019

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