52% of the private workforce is forcasted to have worked as an “independent worker” (freelancer or contracter for all, or some of, their career. Currently 47% of the workforce is working, or has worked, as a freelancer or contractor. That market momentum has created the opportunity for freelancer marketplaces like Fiverr to attract VC investment, grow their freelancer and employer communities globally. In the case of Fiverr, their seizing the opportunity to file for their IPO.
From TechCrunch:
Freelance marketplace Fiverr has filed to go public on the New York Stock Exchange.The company, which is headquartered in Tel Aviv, is losing money — its net losses grew from $19.3 million in 2017 to $36.1 million in 2018. At the same time, revenue grew by nearly 45%, from $52.1 million to $75.5 million.“Our mission is to change how the world works together,” Fiverr says in the filing. “We started with the simple idea that people should be able to buy and sell digital services in the same fashion as physical goods on an e-commerce platform. On that basis, we set out to design a digital marketplace that is built with a comprehensive SKU-like services catalog and an efficient search, find and order process that mirrors a typical e-commerce transaction.”
Source: Fiverr files to go public, reports revenue of $75.5M and a net loss of $36.1M for 2018 | TechCrunch