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.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. In its registration filing, Fiverr reported $75.5 million in revenue for calendar year 2018, up 44.9% from $52 million in 2017. The company lost $36 million in 2018, compared to $19 million in 2017.
Fiverr is the latest Israeli company to look to the US markets to IPO in a year of multi-billion dollar tech deals.The Israel payments company Payoneer
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