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Form SC 13G/A Fiverr International Filed by: Deer VII & Co. Ltd.

February 16, 2021 5:24 PM EST

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

 

Fiverr International Limited

(Name of Issuer)

ORDINARY SHARES, NO PAR VALUE

(Title of Class of Securities)

M4R82T106

(CUSIP Number)

December 31, 2020

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

 

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 


CUSIP No. M4R82T106    13G    Page 2 of 14 Pages

 

  1.     

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Deer VII & Co. Ltd.

   2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  ☐        (b)  ☒

 

  3.    

SEC USE ONLY

 

   4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.      

SOLE VOTING POWER

 

1,735,177

   6.   

SHARED VOTING POWER

 

--0--

   7.   

SOLE DISPOSITIVE POWER

 

1,735,177

   8.   

SHARED DISPOSITIVE POWER

 

--0--

  9.    

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,735,177

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

4.94%*

12.    

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

CO

 

*

The percentage of shares beneficially owned as set forth in row 11 above is based on a total of 35,117,237 shares of Ordinary Shares as of July 14, 2020, as reported by the Issuer in its proxy statement for the annual general meeting of shareholders held on August 20, 2020 filed with the SEC as Exhibit 99.1 to the Issuer’s Report on Form 6-K on July 16, 2020.


CUSIP No. M4R82T106    13G    Page 3 of 14 Pages

 

  1.     

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Deer VII & Co. L.P.

   2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  ☐        (b)  ☒

 

  3.    

SEC USE ONLY

 

   4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.      

SOLE VOTING POWER

 

1,735,177

   6.   

SHARED VOTING POWER

 

--0--

   7.   

SOLE DISPOSITIVE POWER

 

1,735,177

   8.   

SHARED DISPOSITIVE POWER

 

--0--

  9.    

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,735,177

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

4.94%*

12.    

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

 

*

The percentage of shares beneficially owned as set forth in row 11 above is based on a total of 35,117,237 shares of Ordinary Shares as of July 14, 2020, as reported by the Issuer in its proxy statement for the annual general meeting of shareholders held on August 20, 2020 filed with the SEC as Exhibit 99.1 to the Issuer’s Report on Form 6-K on July 16, 2020.


CUSIP No. M4R82T106    13G    Page 4 of 14 Pages

 

  1.     

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Bessemer Venture Partners VII Institutional L.P.

   2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  ☐        (b)  ☒

 

  3.    

SEC USE ONLY

 

   4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.      

SOLE VOTING POWER

 

242,924

   6.   

SHARED VOTING POWER

 

--0--

   7.   

SOLE DISPOSITIVE POWER

 

242,924

   8.   

SHARED DISPOSITIVE POWER

 

--0--

  9.    

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,735,177

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

4.94%*

12.    

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

 

*

The percentage of shares beneficially owned as set forth in row 11 above is based on a total of 35,117,237 shares of Ordinary Shares as of July 14, 2020, as reported by the Issuer in its proxy statement for the annual general meeting of shareholders held on August 20, 2020 filed with the SEC as Exhibit 99.1 to the Issuer’s Report on Form 6-K on July 16, 2020.


CUSIP No. M4R82T106    13G    Page 5 of 14 Pages

 

  1.     

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Bessemer Venture Partners VII L.P.

   2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  ☐        (b)  ☒

 

  3.    

SEC USE ONLY

 

   4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.      

SOLE VOTING POWER

 

555,243

   6.   

SHARED VOTING POWER

 

--0--

   7.   

SOLE DISPOSITIVE POWER

 

555,243

   8.   

SHARED DISPOSITIVE POWER

 

--0--

  9.    

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,735,177

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

4.94%*

12.    

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

 

*

The percentage of shares beneficially owned as set forth in row 11 above is based on a total of 35,117,237 shares of Ordinary Shares as of July 14, 2020, as reported by the Issuer in its proxy statement for the annual general meeting of shareholders held on August 20, 2020 filed with the SEC as Exhibit 99.1 to the Issuer’s Report on Form 6-K on July 16, 2020.


CUSIP No. M4R82T106    13G    Page 6 of 14 Pages

 

  1.     

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

BVP VII Special Opportunity Fund L.P.

   2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  ☐        (b)  ☒

 

  3.    

SEC USE ONLY

 

   4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.      

SOLE VOTING POWER

 

937,010

   6.   

SHARED VOTING POWER

 

--0--

   7.   

SOLE DISPOSITIVE POWER

 

937,010

   8.   

SHARED DISPOSITIVE POWER

 

--0--

  9.    

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,735,177

10.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

4.94%*

12.    

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

 

*

The percentage of shares beneficially owned as set forth in row 11 above is based on a total of 35,117,237 shares of Ordinary Shares as of July 14, 2020, as reported by the Issuer in its proxy statement for the annual general meeting of shareholders held on August 20, 2020 filed with the SEC as Exhibit 99.1 to the Issuer’s Report on Form 6-K on July 16, 2020.


CUSIP No. M4R82T106    13G    Page 7 of 14 Pages

 

Item 1(a). Name of Issuer:

Fiverr International Ltd. (the “Issuer”)

Item 1(b). Address of Issuer’s Principal Executive Offices:

8 Eliezer Kaplan Street, Tel Aviv, Israel

Item 2(a). Name of Person Filing:

This statement is being filed by the following persons with respect to certain ordinary shares (the “Shares”) of the Issuer. Bessemer Venture Partners VII Institutional L.P. (“BVP VII Institutional”), Bessemer Venture Partners VII L.P. (“BVP VII”) and BVP VII Special Opportunity Fund L.P. (“BVP VII SOF,” and, together with BVP VII Institutional and BVP VII, the “Funds”) directly own Ordinary Shares.

 

  (a)

Deer VII & Co. Ltd. (“Deer VII Ltd”), the general partner of Deer VII & Co. L.P. (“Deer VII LP”);

 

  (b)

Deer VII LP, the sole general partner of each of the Funds;

 

  (c)

BVP VII Institutional, which directly owns 242,924 Shares;

 

  (d)

BVP VII, which directly owns 555,243 Shares; and

 

  (e)

BVP VII SOF, which directly owns 937,010 Shares.

Deer VII Ltd, Deer VII LP, BVP VII Institutional, BVP VII and BVP VII SOF are sometimes individually referred to herein as a “Reporting Person” and collectively as the “Reporting Persons.”

Item 2(b). Address of Principal Business Office or, if None, Residence:

The address of the principal business office of each of the Reporting Persons:

c/o Bessemer Venture Partners

1865 Palmer Avenue; Suite 104

Larchmont, NY 10583

Item 2(c). Citizenship:

Deer VII Ltd — Cayman Islands

Deer VII LP — Cayman Islands

BVP VII Institutional — Cayman Islands

BVP VII — Cayman Islands

BVP VII SOF — Cayman Islands

Item 2(d). Title of Class of Securities:

Ordinary Shares, No Par Value


CUSIP No. M4R82T106    13G    Page 8 of 14 Pages

 

Item 2(e). CUSIP Number:

M4R82T106

Item 3. Not Applicable.

Item 4. Ownership.

The Reporting Persons hold Ordinary Shares.

For Deer VII Ltd:

 

  (a)

Amount beneficially owned: 1,735,177 shares of Ordinary Shares

 

  (b)

Percent of class: 4.94%

 

  (c)

Number of shares as to which such person has:

 

  (i)

Sole power to vote or to direct the vote: 1,735,177

 

  (ii)

Shared power to vote or to direct the vote: --0--

 

  (iii)

Sole power to dispose or to direct the disposition of: 1,735,177

 

  (iv)

Shared power to dispose or to direct the disposition of: --0--

For Deer VII LP:

 

  (a)

Amount beneficially owned: 1,735,177 Ordinary Shares

 

  (b)

Percent of class: 4.94%

 

  (c)

Number of shares as to which such person has:

 

  (i)

Sole power to vote or to direct the vote: 1,735,177

 

  (ii)

Shared power to vote or to direct the vote: --0--

 

  (iii)

Sole power to dispose or to direct the disposition of: 1,735,177

 

  (iv)

Shared power to dispose or to direct the disposition of: --0--

For BVP VII Institutional:

 

  (a)

Amount beneficially owned: 1,735,177 Ordinary Shares

 

  (b)

Percent of class: 4.94%


CUSIP No. M4R82T106    13G    Page 9 of 14 Pages

 

  (c)

Number of shares as to which such person has:

 

  (i)

Sole power to vote or to direct the vote: 242,924

 

  (ii)

Shared power to vote or to direct the vote: --0--

 

  (iii)

Sole power to dispose or to direct the disposition of: 242,924

 

  (iv)

Shared power to dispose or to direct the disposition of: --0--

For BVP VII:

 

  (a)

Amount beneficially owned: 1,735,177 Ordinary Shares

 

  (b)

Percent of class: 4.94%

 

  (c)

Number of shares as to which such person has:

 

  (i)

Sole power to vote or to direct the vote: 555,243

 

  (ii)

Shared power to vote or to direct the vote: --0--

 

  (iii)

Sole power to dispose or to direct the disposition of: 555,243

 

  (iv)

Shared power to dispose or to direct the disposition of: --0—

For BVP VII SOF:

 

  (a)

Amount beneficially owned: 1,735,177 Ordinary Shares

 

  (b)

Percent of class: 4.94%

 

  (c)

Number of shares as to which such person has:

 

  (i)

Sole power to vote or to direct the vote: 937,010

 

  (ii)

Shared power to vote or to direct the vote: --0--

 

  (iii)

Sole power to dispose or to direct the disposition of: 937,010

 

  (iv)

Shared power to dispose or to direct the disposition of: --0—

Item 5. Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following  ☒

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.


CUSIP No. M4R82T106    13G    Page 10 of 14 Pages

 

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.

Not applicable.

Item 8. Identification and Classification of Members of the Group.

Exhibit 2 sets forth information regarding the identity of members of a group. The Reporting Persons disclaim membership in a group and this report shall not be deemed an admission by any of the Reporting Persons that they are or may be members of a “group” for purposes of Rule 13d-5 or for any other purpose.

Item 9. Notice of Dissolution of Group.

Not applicable.

Item 10. Certification.

Not applicable.


CUSIP No. M4R82T106    13G    Page 11 of 14 Pages

 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 16, 2021

 

DEER VII & CO. LTD.

By:

 

/s/ Scott Ring

 

Name: Scott Ring

 

Title: General Counsel

DEER VII & CO. L.P.

By: Deer VII & Co. Ltd, its General Partner

        By:

 

/s/ Scott Ring

 

Name: Scott Ring

 

Title: General Counsel

BESSEMER VENTURE PARTNERS VII L.P.

By: Deer VII & Co. L.P., its General Partner

By: Deer VII & Co., Ltd., its General Partner

        By:

 

/s/ Scott Ring

 

Name: Scott Ring

 

Title: General Counsel

BESSEMER VENTURE PARTNERS INSTITUTIONAL VII L.P.

By: Deer VII & Co. L.P., its General Partner

By: Deer VII & Co., Ltd., its General Partner

        By:

 

/s/ Scott Ring

 

Name: Scott Ring

 

Title: General Counsel

BVP VII SPECIAL OPPORTUNITY FUND L.P.

By: Deer VII & Co. L.P., its General Partner

By: Deer VII & Co., Ltd., its General Partner

        By:

 

/s/ Scott Ring

 

Name: Scott Ring

 

Title: General Counsel


CUSIP No. M4R82T106    13G    Page 12 of 14 Pages

 

EXHIBIT INDEX

 

Exhibit 1.   

Joint Filing Agreement as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended

Exhibit 2.   

List of Members of Group

 

CUSIP No. M4R82T106    13G    Page 13 of 14 Pages

 

JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)(1)

The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him, her or it contained herein, but shall not be responsible for the completeness and accuracy of the information concerning the other entities or persons, except to the extent that he, she or it knows or has reason to believe that such information is inaccurate.

Date: February 16, 2021

 

DEER VII & CO. LTD.
By:  

/s/ Scott Ring

  Name: Scott Ring
  Title: General Counsel
DEER VII & CO. L.P.
By: Deer VII & Co. Ltd, its General Partner
        By:  

/s/ Scott Ring

  Name: Scott Ring
  Title: General Counsel
BESSEMER VENTURE PARTNERS VII L.P.

By: Deer VII & Co. L.P., its General Partner

By: Deer VII & Co., Ltd., its General Partner

        By:  

/s/ Scott Ring

  Name: Scott Ring
  Title: General Counsel
BESSEMER VENTURE PARTNERS INSTITUTIONAL VII L.P.

By: Deer VII & Co. L.P., its General Partner

By: Deer VII & Co., Ltd., its General Partner

        By:  

/s/ Scott Ring

  Name: Scott Ring
  Title: General Counsel
BVP VII SPECIAL OPPORTUNITY FUND L.P.

By: Deer VII & Co. L.P., its General Partner

By: Deer VII & Co., Ltd., its General Partner

        By:  

/s/ Scott Ring

  Name: Scott Ring
  Title: General Counsel

 

CUSIP No. M4R82T106    13G    Page 14 of 14 Pages

 

Exhibit 2

Members of Group

Deer VII & Co. Ltd.

Deer VII & Co. L.P.

Bessemer Venture Partners VII Institutional L.P.

Bessemer Venture Partners VII L.P.

BVP VII Special Opportunity Fund L.P.



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