AutoDS brings a new subscription-based flow to Fiverr along with powerful partnerships to accelerate growth.
Fiverr Deepens eCommerce Solutions by Acquiring Leading Dropshipping Automation Tool AutoDS
NEW YORK, July 31, 2024 (GLOBE NEWSWIRE) — Today, Fiverra company that is changing how the world works together, has announced its acquisition AutoDS, which provides an end-to-end subscription-based solution for dropshippers, including product research and sourcing, inventory management, and automated fulfillment. With its extensive global reach and omnichannel approach, it integrates more than 150 million products and serves tens of thousands of paying subscribers on its platform.
“AutoDS has created an attractive product and a community that is very compatible with Fiverr. Dropshipping and its related marketing and programming services are among the fastest growing categories on Fiverr. It is also a thriving community. with roots from Fiverr, where anyone with talent and ideas can use the FIverr platform to build a business,” said Fiverr founder and CEO Micha Kaufman. “This acquisition also marks another step in Fiverr’s transformation from a marketplace to a powerful platform that not only provides access to talent but also software solutions for its audience, making it the a one-stop shop for their digital needs.”
AutoDS brings tens of thousands of dropshippers into the Fiverr ecosystem, adding to Fiverr’s existing e-commerce customer base. This announcement expands Fiverr’s step into the value chain with areas of strength and growth, including outsourcing, website development, e-commerce management and social media marketing. The size of the global bear market was checked by USD 285 billion by 2023 and is expected to exceed USD 2 trillion by 2033.
AutoDS was founded in 2018 and is managed by Lior Pozin, Michael Royf, and Ofir Bokobza, with the aim of automating the drop-down process, helping products from major channels such as Amazon and eBay and helping businesses each easily. AutoDS provides a single dashboard where multiple stores can be monitored, and prices are automatically updated as they increase from vendors. Since then it has grown significantly over the years, adding many partners and tools including the AutoDS AIWrite tool designed to empower downloaders by improving lists.
“Our audience is very similar – ambitious entrepreneurs building and growing their businesses – so the opportunity is clear,” said Lior Pozin, co-founder and CEO of AutoDS. “With Fiverr’s experience in growing a global brand, together we will be able to accelerate our growth and take the company to the next level, helping us build the company into a global solution “It’s going to be #1 for the drop we always thought.”
AutoDS will continue to operate independently while working together to grow the relationship between both companies.
About Fiverr
Fiverr’s mission is to change the way the world works. We exist to democratize access to talent and give talent access to opportunities so that anyone can grow their business, brand or dreams. From small businesses to the Fortune 500, nearly 4 million clients worldwide have worked with freelance talent on Fiverr in the past year, ensuring their workforce remains flexible, adaptable, and be active. With Fiverr Business Solutions, large companies can find the right talent and resources that fit their needs to help them succeed and grow. On Fiverr, you can find more than 700 skill areas, from AI to programming and 3D design, digital marketing to content creation, and from video animation to design.
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Contact Press:
Siobhan Aalders
press@fiverr.com
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this release that do not relate to historical information should be considered forward-looking statements, including, without limitation, statements regarding the potential relationship with AutoDS, the expected growth of the downstream market and the expected growth in the number of customers and the Company’s business including the AutoSD business, as well as statements that include “expect,” “intend,” “strategy,” “believe,” “plan,” “forex,” “estimate,” “ma,” “should,” “presentation” and similar expressions of the future or outlook- forward. These forward-looking statements are based on management’s current expectations. These statements are not promises or guarantees, but involve known and unknown risks and other important factors that may cause actual results, t performance or performance is materially different from any future results, performance or performance expressed or implied by the forward-looking statements. , including, but not limited to: risks related to the acquisition of AutoDS and our ability to successfully integrate AutoDS into our business, political, economic and military instability in Israel, including those related to and the war of Israel; our ability to successfully execute our business plan in adverse economic conditions that may affect the demand for our services or have a material adverse effect on our business, financial condition and results of operations; our ability to attract and retain a large community of customers and independents; our ability to generate sufficient cash flow to achieve or maintain profitability; our ability to maintain and improve our brand; our reliance on the continued growth and expansion of the market for independent individuals and the services they provide; our reliance on traffic to our website; our ability to maintain user engagement on our website and to maintain and improve the quality of our platform; our activities in the competitive market; our ability and the ability of third parties to protect our users’ data from security breaches and to comply with laws and regulations related to data privacy, data protection and cybersecurity; our ability to manage our current and potential future growth; our reliance on decisions and developments in the mobile device industry, over which we have no control; our ability to detect errors, defects or malfunctions in our platform; our ability to comply with the terms of the underlying licenses of the open source software components on our platform; our ability to expand into markets outside the United States and our ability to manage the business and economic risks of international expansion and operations; our ability to achieve desired performance targets; our ability to comply with a wide variety of US and international laws and regulations; our ability to attract, recruit, retain and develop skilled workers; our reliance on Amazon Web Services; our ability to reduce payment and fraud risks; our reliance on relationships with payment partners, banks and aid partners; and other important factors discussed under the heading “Risk Factors” in our annual report on Form 20-F filed with the US Securities and Exchange Commission (“SEC”) on February 22, 2024, as such information may be updated from time to time during filings with the SEC, which are available on the SEC’s website at www.sec.gov. In addition, we operate in a highly competitive and rapidly changing environment. New risks arise every time. Because of these risks, uncertainties and assumptions, forward-looking events and situations discussed in this release are inherently uncertain and may not materialize, and actual results may differ materially and adversely from those anticipated or implied in forward-looking statements. Therefore, you should not rely on forward-looking statements as predictions of future events. In addition, the forward-looking statements made in this release relate only to events or information as of the date the statements are made in this release. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, after that date. statements are made about it or to indicate an unexpected event. events.
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