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Task-Based Marketplace Fiverr Raises $15M from Accel And Bessemer

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Fiverr raised $15 million in funding from Accel Partners and Bessemer Venture Partners. "Our vision is to turn Fiverr into the eBay for the service economy," says Kaufman.

Excerpts from TechCrunch article:

Fiverr, a global marketplace offering tasks and services for as little as $5, has raised $15 million in funding from Accel Partners and Bessemer Venture Partners. This brings the company's total funding to $20 million.

Merchants, entrepreneurs, contractors and more workers in more than 200 countries use Fiverr to monetize their skills, talents and resources... Now more than 30 percent of Fiverr transactions are greater than the site's starting price of $5.

Currently tasks range from $5 to $150, and there are over 650,000 tasks and services listed on Fiverr. Co-founder Micha Kaufman explains that the entire ordering process for a task takes seconds and there have been millions of tasks completed to date.

The company, founded by Shai Wininger and 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.

"Our vision is to turn Fiverr into the eBay for the service economy," says Kaufman.

The new funding will be used for global expansion, product development and hiring. Fiverr plans to double its team by the end of 2012.

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