Fiverr is world largest marketplace for digital services starting at $5
Fiverr was founded by Shai Wininger & Micha Kaufman on Feb 1st 2010. Wininger came up with concept of a marketplace that will provide a two sided platform for people to buy and sell a variety of digital services typically offered by freelancer’s contractors.
Services offered on the site include graphic design , writing, translation, video editing, Business, Video and Audio, programming. Fiverr’s services start at $5, which is what the company’s name is based on and can go up to thousands of dollars with Gig Extras. Each service offered is called a "Gig".
The website was launched in the beginning of 2010 & by 2012 was hosting over 1.3 million Gigs. The Fiverr website transaction volume has grown 600% since 2011. Additionally, Fiverr has been ranked among the top 100 most popular sites in the U.S. and top 200 in the world since the beginning of 2013.
On June 1, 2010, Fiverr received a seed investment of US$1 million from Cubit Investments. On December 2013, Fiverr released their iOS app in the Apple App Store. On March 2014, Fiverr released their Android app in the Google Play store.
In November 2015, Fiverr announced that it had raised 60usd million in a Series D round of funding, led by Square Peg Capital. The round brings their total funding to date to $110 million. At the same time, the fiverr announced that it was expanding the marketplace to allow freelancer’s the ability to price productized services, known as Gigs, at prices more then $5.