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Excerpts from Private Equity Hub:
Fiverr, today announced it secured $15 million in a second round of funding from Accel Partners and Bessemer Venture Partners. Following previous financing led by Bessemer Venture Partners and angels Guy Gamzu and Jonathan Kolber, the site disrupting the global services economy has now raised a total of $20 million.
Todayâ€™s funding will support continued company and product growth, as well as increase the pace of global expansion. The company, founded by Shai Wininger and Micha Kaufman, has grown 600% in transaction volume since the beginning of 2011 and currently employs more than 40 people in Israel, the US and Europe. Fiverr plans to double its team by the end of 2012, growing its US and global presence.
â€œFiverr offers a new way to work. Just as eBay completely changed e-commerce, weâ€™re planning to disrupt the services economy. We make it easy for anyone, anywhere, to start a small business and sell their skills and talents â€” from the serious and professional to the entertaining and odd,â€ said Micha Kaufman, co-founder and CEO of Fiverr. â€œWeâ€™ve created a model that allows entrepreneurs to start small, learn and refine their services, and then grow them into a business and strong income source.â€
â€œFiverr introduces a level of liquidity, velocity and engagement to the services economy not seen before. This is why its marketplace has grown so rapidly,â€ said Adam Valkin, partner at Accel Partners. â€œMicha and Shai have an incredible vision, which is to be the place for people anywhere to monetize their talents and passions on a global stage. We are very excited to be part of it.â€
â€œFiverrâ€™s users are the key to the siteâ€™s success. Far more than a set of tools, Fiverr creates an entrepreneurial community focused on helping sellers build their Gigs into significant revenue and customer interaction,â€ said Adam Fisher, partner at Bessemer Venture Partners. â€œTogether Fiverr and its users are changing the nature of work, building a global groundswell of support for income independence and creative freedom.â€