Malt's marketplace helps companies find the right freelance talent for their project needs. It also offers a digital management system for both parties to manage the business relationship – from contract placement to payment upon project completion. The company leverages its matching and management solutions to create a level playing field for freelance talent.
With this investment, Malt aims to expand into new markets and thus further strengthen its position in the market. This includes pursuing a long-term acquisition strategy in close cooperation with investors to accelerate the startup's position as the European market leader in freelance consulting. Even before the COVID-19 pandemic, the young company had a strong presence in France (Paris), Germany (Munich), and Spain (Madrid). Benefiting from the strong focus on remote work during the pandemic, it now expects revenue growth of 100 percent in 2021. The Munich-based company's goal Startups is to achieve a business volume of one billion euros by 2024.
Vincent Huguet, CEO and co-founder of Malt, explains:
"Today, there are six million freelance consultants in Europe. A number that will grow exponentially in a rapidly changing post-COVID labor market. Our goal at Malt is to provide companies with direct access to a pool of the most qualified and talented freelancers who can help them transition their businesses into the new era. In many ways, this latest funding round underscores the strength of Malt's business model and our dedicated freelancer[1] community. We are delighted that Eurazeo and Goldman Sachs are joining our historic investors, Isai and Serena, in supporting our ambitions."
“Malt is at the forefront of the future of work”
Alexandre Flavier, Executive Director at Goldman Sachs Growth Equity, says:
"We are excited to support Malt in building the leading freelance marketplace in Europe. Malt is at the forefront of the future of work, driving agility, innovation, impact, and choice, and making freelancing easier and more reliable. We are thrilled to partner with Malt's founders, empowering their community of highly skilled freelancers and providing companies with access to the world's best freelance talent."
And Yann du Rusquec, Partner at Eurazeo, adds:
"Malt is at a pivotal stage in its development. This new round of funding will enable the company to scale rapidly and achieve even greater impact. We are excited to partner with Vincent and Alexandre—and offer the expertise of our Growth and Venture[1] teams, along with the depth of the Eurazeo network in Europe—to drive Malt's future success."
