Fiverr Launches the Third Annual Future Collective Business Accelerator Program, Unveils New Cohort

NEW YORK, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Fiverr International Ltd. (NYSE: FVRR), the company changing how the world works together, announced today the twelve founders selected to participate in the third annual Future Collective Business Accelerator Program. The Future Collective is an accelerator designed for early-stage U.S. and Canada-based Black entrepreneurs at pivotal moments in their business journey. Each founder will receive funding, coaching, and tools to scale and grow their business. Fiverr hosts the Future Collective program in partnership with 1863 Ventures, an independent, Black-led nonprofit organization founded to help underrepresented entrepreneurs move from high potential to high growth.

Despite recent strides made among Black founders, there remain unique challenges that these entrepreneurs face when building and growing their businesses. A 2023 study from Goldman Sachs found that 37% of Black business owners have difficulty accessing new capital and financing – 14 percentage points higher than their non-Black peers. The Future Collective program grew out of Fiverr’s commitment to enabling a more equitable playing field for these entrepreneurs who face systemic structures, cultural barriers, or life circumstances working against them.

“We are so proud to have the Future Collective as part of the Fiverr ecosystem. Since the start of the program in 2021, Fiverr has doubled down and intensified its focus on empowering Black entrepreneurs,” said Micha Kaufman, Founder and CEO of Fiverr. “Each year we have enlarged the group receiving funding and training, and we are growing an impressive network of alumni.”