Fiverr Raises $60 Million, Eliminates $5 Rule

Fiverr, a site where freelancers can find work and businesses can hire them, has announced raising $60 million in funding that will be used to build out its community. Previously Fiverr’s hook was that all prices started at a $5 base. But now the company plans to eliminate the price minimum all together.

Square Peg Capital led this latest round of funding but they were not alone. Existing investors Bessemer Venture Partners, Accel and Qumra Capital also joined in significantly, bringing...

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