Fiverr, an Israeli company that connects businesses with freelancers offering digital services and products, has recently announced that it has acquired US online learning company CreativeLive to offer education and professional training for its worldwide community of buyers and sellers.
The company, however, did not disclose the amount of the acquisition deal.
CreativeLive will remain as a standalone organization post-acquisition and retain its team with founder and CEO Chase Jarvis remaining at the helm, according to a statement.
Founded in 2010, CreativeLive has grown as an online platform to offer over 2,000 classes across a variety of creative and business categories such as design, photography, photo editing, marketing, creative writing, and social media. According to the company, more than 10 million people have used the platform to acquire new skills for their career, hobbies, and their life. CreativrLive offers courses for a fee or as part of a subscription.
Speaking about the company, Micha Kaufman, Co-founder of Fiverr, said in a statement,
"Fiverr is more than just a work platform — we fundamentally believe in supporting the entire freelance lifestyle, and that includes professional education and training. The ability to acquire new skills in a rapidly changing work environment and then be able to monetize them is part of Fiverr’s role in leading transformation for buyers and sellers on our platform."
Kaufman said the acquisition of CreativeLive is part of Fiverr’s broader strategy. According to the announcement, Fiverr’s existing online learning platform Fiverr Learn, first launched in 2018, will be integrated into CreativeLive post the acquisition.
Commenting on becoming part of the Fiverr family, Chase Jarvis, Founder & CEO of CreativeLive, said,
"The future favors people and companies that can create, innovate, and adapt to a rapidly-changing world. Core to all this is people’s ability to learn new skills, to think creatively, and operate with a growth mindset. Once thought to be ‘nice to haves’, we now know these attributes are key to success in any industry. We are excited to be part of the Fiverr family, to grow our inventory of compelling courses, and increase economic opportunity for our community, the Fiverr community and today’s modern workforce."
Fiverr was also founded in 2010, by Israeli entrepreneurs Shai Wininger and Micha Kaufman. The company went public on the New York Stock Exchange in June 2019 and has reached a market cap of over $6 billion.
The company has reported robust growth in the last two quarters, with revenue for the first quarter of 2021 surging 100 percent year on year, one of the company’s highest quarterly revenues in its history, and 60 percent year on year in Q2.
This is Fiverr’s third acquisition in over a year. The company acquired boutique digital marketing agency SLT Consulting in August 2020, and creative talent marketplace Working Not Working in February 2021.